Q2 2013 drew to a close with a volume of €3.5 billion invested in France, up by 40% from €2.5 billion recorded in Q1. These figures boosted the half-year performance for the French market to €6 billion, a level close to that seen in 2012 when €6.3 billion had been invested over the same period.
Investors remained active in the office segment with almost €2.6 billion in acquisitions which accounted for ¾ of the total volume for the quarter. Once again, the French market has been driven by transactions for lot size over €100 million. Almost €400 million was invested in retail assets, almost half of this in shopping centres.
The geographic distribution of investments remained unchanged with the emphasis on Greater Paris Region with €2.4 billion or 70% of overall volume. Even so, some regional markets such as the Rhone-Alps managed to sustain a good level of activity.
As in Q1 2013, the market was dominated by French investors who accounted for €2.5 billion in acquisitions or 70% of the overall volume. American investors increased their market share in the French market with over €500 million in investments over Q2. They are currently the top overseas investors in France with over €700 million invested since the beginning of the year; this places them far ahead of German investors (€344 million) who are gradually coming back to the market.
Source : DTZ (Groupe UGL)