LONDON-From the pitiful to the sublime. In a phrase, that’s the retail sector’s trajectory over the next 10 years, according to the folks of Jones Lang LaSalle. Calling it the next wave of globalization, JLL researchers peg a huge boost for the former poster child of the recession, especially on the international front.

In fact, in it’s Redefining Retail Investments, the firm projects that “annual investment volumes of retail property are expected to rise to US$160-180 billion by 2020, representing a 30-50% uplift on current levels. Cross-border activity is expected to account for half of this total, as global and regional players assert their dominance.”

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