Sales performance in the Finnish market has been largely mixed in recent months. Although modestly positive in the November- January period, when it rose by an average of 0.6%, retail sales growth turned negative in February. According to Statistics Finlands’s preliminary estimates, retail sales volumes fell by 1.1% in February year-on-year.
However, the conclusion of the largest single transaction in 2013 in the Finnish real estate market, the sale of a 50% share of Kammpi Shopping Centre by Cornerstone to Allianz Real Estate, shows that the retail sector remains attractive to investors. Indeed, prime retail locations are in demand both on the occupier and investment market, exemplified by the new entry of the sport chain XXL.
Source : Cushman & Wakefield