While Italy’s political situation may be in standstill after the recent elections, its citizens remain keen shoppers. A strong domestic appetite for brands, plus growing retail tourism, is enticing investors, developers and retailers alike to choose Italy.
CBRE Global Investors has purchased a second southern Italian shopping centre for its European shopping centre fund ESCF II, underlining an approach that prioritises asset performance and local catchment dynamics over geography, according to Toby Smith, portfolio manager for the ESCF II fund.
Italy has returned to a ‘golden age’ for development, as investor appetite for high-quality retail real estate assets and impressive consumption dynamics collide, according to Massimo Moretti, president of the Italian Council of Shopping Centres (CNCC).
Spain is on track for record investments into retail real estate this year as the sector exceeds all expectations. Isobel Lee reports
The retail sector in CEE is a story of firming rental dynamics, especially in the traditional shopping centre segment, writes Marta Machus-Burek, Director, Retail Agency, Retail Advisory Services,Colliers International, Poland.
International retailers are discovering that Nordic shoppers like what they’re offering, and the region’s developers are creating modern shopping centre environments to showcase their brands.