Both institutional investors and property companies continue to dominate investor activity in the retail sector, although the institutions have been more active during the third quarter. Banks are still investing heavily within the sector, either by way of straightforward loans or through joint ventures, and as a result, property companies and debt-backed purchasers continue to play a major role in investment activity.
Mark Williams, Head of Retail at DTZ, said that the high level of activity is likely to continue: "There were a significant number of shopping centres marketed during the beginning of the third quarter of 2002," he said. "Investors have sought to take advantage of the competitive investor environment together with the available weight of money, which is delivering premium prices on shopping centres.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.