Demand for prime retail properties remains strong
The latest developments in the retail market in the first half-year of 2016 have been published. The MarketView Netherlands Retail demonstrates the following:
- Demand for prime retail properties remains strong due to expansion of financially resilient retailers
- The stream of bankruptcies in the retail sector continued; 10 large retailers closed their doors during the past 6 months
- Vacant stores were partly reopened by expanding industry peers. Nevertheless, vacancy increased by 7.6%
- The investment volume of the first half year of 2016 decreased by 40% compared to the same period in 2015. The decline was caused by an one-off large transaction in the first half of 2015. Excluding this transaction, the investment volume increased by 38%
- Net initial yields of prime retail units and shopping centres continued to decline
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