Knight Frank sees investment slowdown
Published: 22 July, 2010
The first of 2010 saw more shopping centre investment deals than the whole of 2009, according to Knight Frank
The past six months' 26 transactions is already more than the total number seen for the whole of 2009. However, activity began to tail off in the second squarter with volume and lot sizes both down. And Knight Frank expects volumes in the remainder of 2010 to ease down from the levels seen in each of the last three quarters.
Supply levels are increasing with availability rising in each of the last three quarters to stand at £962.2m in quoted value terms, its highest level since Q1 2009. The number of shopping centres available actually doubled from seven to 14 during Q2, a marked improvement from the nadir in Q4 2009 when just £270m of stock was openly available. Despite the increase in supply, however, buying opportunities in the prime sector remain scarce.
