CCIM.com Newscenter
Posted October 6th 2011
Many markets around the globe are seeing an increase in retail property investment, according to Winning in Growth Cities, a recent report from Cushman & Wakefield. Thanks in part to the $2.4 billion sale of upmarket shopping center Festival Walk, Hong Kong led the pack with more than $6.9 billion in estimated retail transaction volume from 4Q10 through 3Q11. London, Paris, Milan, and several German cities also made strong showings. Despite continued challenges to the global economy, Asia Pacific and South America are expected to remain attractive to global retail property investors searching for strong economic fundamentals and healthy demand. Rio de Janeiro, for example, saw more than 2,900 percent growth in retail transaction volume year over year.
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