Our annual European Retail Investment report reviews 2011 and predicts key trends for 2012.

• Jones Lang LaSalle recorded a total market volume of €31.6 billion in approximately 600 transactions, representing a 53% uplift on 2010 (€20.7 billion).
• Whilst the focus continues to be on core Western markets, with over 50% of total volume transacted in the UK and Germany, retail real estate investment has become more pan-European than ever, with transactions recorded in 28 countries.
• Average transaction volume increased by over 10% in 2011 to €53 million, with the top 10 deals all over €350 million in size.
• Shopping centres retained their position as the most desirable product type, accounting for more than two thirds of total retail volume transacted. With over 270 transactions in 2011, the average shopping centre lot size increased to €80.5 million.
• The most active investors in 2011 were the 3rd party managed funds, increasing their share of the sector to 30% of the market. Meanwhile, property companies and developers were the principal vendors in 2011, accounting for 25% of the total volume transacted, or €7.3 billion.
• The majority of non-European capital in 2011 came from North America, whilst we witnessed a quiet year from Middle Eastern and Asian investors. Canadian and American capital alone accounted for 12% of total volume, primarily focused on prime shopping centre stock.​

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