PARIS-Europe, including here and in the United Kingdom, has seen signs of prime yield stabilization in the retail sector with further hardening forecast, according to international real estate advisor Savills. Paris has recorded a 75 base point inward yield shift in shopping centers and 50 base points in retail parks. Madrid, Barcelona and Warsaw have seen a 25 base point yield hardening for shopping centres.

The research, which looks at shopping center and retail park performance across 27 European Union locations, states that this investment appetite is due to a renewed confidence in the sector. Whilst consumer confidence remains negative across Europe, it has improved significantly compared to the historic lows of March 2009. Retail trade recorded in June 2010 showed an increase of 0.5% year on year. Furthermore, with a limited shopping centre development pipeline moving forward, demand and supply are set to remain balanced in the prime segment of the market.

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