Transaction volume rises by a fifth - yield compression in secondary locations.
Commercial property changed hands for a total of approximately €40.2bn during the first three quarters of the year, representing an increase of 21% compared with the corresponding period last year. This is the highest investment volume to the end of September since the record year of 2007.
While offices and particularly logistics properties witnessed significant increases in investment activity, the retail transaction volume stagnated (-2% compared with Q1-Q3 2016).
These different sector trends may be a reflection of increasing selectiveness on the part of investors, with the negative impact of e-commerce on in-store retail becoming ever more apparent.
Source : Savills