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Retail investment strong in 2015

Shopping-centre-investment-2016

The first quarter of 2016 is expected to see more than £1.2bn of investment into shopping centres following a strong end to 2015, according to research from Cushman & Wakefield.

2015 exceeded average volumes for the sector with more than £4bn of shopping centres traded over the year.

The total volume transacted was 3% up on the average over 10 years but down 38% on the £5.9bn of 2014.

Of the 2105 total, £876m was transacted in the fourth quarter with £1.2bn still under offer at the start of 2016.

Highlights of 2015 transactions include Festival Place in Basingstoke, which sold for £290m to AEW Europe, and the West One Shopping Mall, Oxford Street, W1, which was sold to Norges for £240m.

mike.cobb@estatesgazette.com

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