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| Retail strongest performing real estate sector in Europe in 2011 Retail property was the best performing commercial real estate sector in Europe in 2011, according to CBRE's European Valuation Monitor (EVM), which is based on regular valuations of standing investment portfolios carried out by CBRE's international and national valuation teams. Despite a slight contraction in capital values in the final quarter of 2011 (-0.2%), retail real estate delivered a 1.5% increase in capital values for the full year. This is the 10th time since the peak of the market (16 quarters in total) that retail has outperformed other sectors at the pan-European level. The 1.5% annual increase in retail values across Europe compares to a flat result at the All Property level, 0.5% growth for offices and -4.5% for industrial. Overall, the year-end values were impacted by the increase in the number of transactions for secondary and tertiary assets in the sample assessed by CBRE. A lack of transactional evidence at this end of the asset spectrum had previously prevented genuine price discovery. The dislocation between prime and the rest has been particularly notable in the industrial sector, where light industrials saw significant value falls while, in contrast the value of prime logistics assets held up well in the final quarter. write your comments about the article :: © 2012 Construction News :: home page |