×
30 352
Fashion Jobs
L'OREAL GROUP
Senior Manager, Digital Solutions & SEO Lead, Cerave us
Permanent · New York
L'OREAL GROUP
Senior Manager/Director, Omni-Shopper Marketing - Garnier Skincare
Permanent · New York
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Great Falls
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Memphis
VICTORIA'S SECRET
Asset Protection Investigator (Kansas City, Kansas - Legends Outlets & Summit Fair Mall)
Permanent · Topeka
ROSS STORES
Human Resources Manager
Permanent · Chicago
H&M
West Coast Sales HR Manager
Permanent · Los Angeles
H&M
Gift Card Experience Product Manager
Permanent · New York
ESTÉE LAUDER
Manager, Global Product Marketing
Permanent · New York
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 20Hrs - Premium Outlets - Charlotte,nc
Permanent · Charlotte
JO MALONE LONDON
Retail Beauty Sales Manager - jo Malone London - 35 Hrs - Downtown - Seattle, wa
Permanent · Seattle
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 20 Hrs - Tanger Outlet Center - Washington,PA
Permanent · Washington
ARAMIS AND DESIGNER FRAGRANCES
Retail Selling Specialist - Aramis And Designer Fragrances - 16 Hrs - Boston, ma
Permanent · Boston
UNIQLO
Loss Prevention Associate- Washington, D.C
Permanent · Washington
UNIQLO
Loss Prevention Supervisor- Philadelphia
Permanent · Philadelphia
CLARKS
Inventory Control Specialist
Permanent · Hanover
CLARKS
Senior Brand Marketing Manager
Permanent · Waltham
CLARKS
Digital Marketing Manager
Permanent · Waltham
CLARKS
Director of Channel Sales
Permanent · Waltham
COTY
Manager, Merchandising And Promotions
Permanent · Miami
COTY
sr. Analyst, Treasury
Permanent · New York
COTY
Ulta, National Accounts Manager
Permanent · Chicago
Published
Nov 15, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Europe retail investment rises fast, echoes changes in consumer behaviour

Published
Nov 15, 2018

Investment in European retail is rising fast, despite tough times for the sector in many countries, with investment in some surging ahead of the pack.


Changing consumer shopping habits are being reflected in company investment in retail property



And it seems that the online revolution, which is having a major impact on the fashion sector, is driving investment in certain key markets. Meanwhile, the slower adoption of e-tail by some other countries means investment is still pouring into physical retail.

That’s according to Savills’ latest Market in Minutes, European Retail Investment Report. The property specialist said overall investment in the European retail sector reached €21 billion up to the end of Q3, an 8% year-on-year rise.

“Non-core” Belgium (+229%), Poland (+80%) and Italy (+52%) saw the greatest increase in retail property investment in the first nine months of 2018, while in the core markets, investment into France was up 23% and in Germany the figure stood at 15%. Germany saw the biggest investment in total, mainly in retail warehousing (as the need for property to support e-tail rose), and retail parks. 

Germany has been in first place for overall share of the investment market (24%) for some years, with the UK coming in second with 19% of market share.

But the biggest investment category generally remained shopping centres and here, non-core countries also saw the biggest benefit. Italy (+158%/€1.2bn) and Poland (+82%/€2.1bn), enjoyed the highest increase out of an overall 11% rise in investment across the continent.
 
When it comes to warehouses and retail parks, the UK and Germany were the big winners. They took gold and silver for turnover in Q1-Q3, with the UK accounting for 43% of the €2.5bn turnover figure and Germany capturing a third of the market (€1.9bn). 

Those figures underscore the changes that are happening in retail in those countries as both Britain and Germany see their fashion sectors migrating online and physical stores struggling. The investment levels in shopping centres and retail parks also echo the fact that it’s the larger ‘supermalls’ that are prospering and that fashion tenants are increasingly moving into retail parks, locations once limited to giant DIY stores and supermarkets.

But, with the report saying that consumer confidence is back on the rise and private consumption is set to grow by 1.5% this year and 1.6% next year, this could boost prime high street assets in some countries. Here, investment has been particularly impressive in markets such as France (50% of the total), Spain and the Netherlands (30% of the total figure).
 
Eri Mitsostergiou, European research analyst, said: “What has been really interesting is that, despite a move towards e-commerce in core markets such as the UK and Germany, there are still prime high street opportunities to be had in markets such as France and Spain where online retail has not yet taken off to the same extent. Overall, quality high street units in shopping streets with strong footfall and tourist numbers are highly sought after by investors and considered to be a defensive choice against online retail.”

Copyright © 2021 FashionNetwork.com All rights reserved.