If you are visually impaired or blind, you can visit the PDF version by Pressing CONTROL + ALT + 4
<br /> European Retail Property<br /> – light at the end of the tunnel?<br /> 2010<br /> <br /> King Sturge: European Retail Property<br /> Executive summary •<br /> • After two years of turmoil, there is growing<br /> •<br /> evidence of light at the end of the tunnel for the<br /> European retail property market. However, this<br /> light could merely be an express train coming in<br /> the opposite direction.<br /> • There is a significant divergence between<br /> investment and occupier markets. The former<br /> may be showing initial signs of recovery. The<br /> latter faces at least two more years of hardship.<br /> Ultimately, the two markets are inextricably<br /> •<br /> linked, so improvement in investment markets<br /> may be derailed b<a title="ERP 2010.pdf page 1" href="http://viewer.zmags.com/publication/347728e7?page=1"> European Retail Property – light at the end of th</a> <a title="ERP 2010.pdf page 2" href="http://viewer.zmags.com/publication/347728e7?page=2"> </a> <a title="ERP 2010.pdf page 3" href="http://viewer.zmags.com/publication/347728e7?page=3"> King Sturge: European Retail Property Executi</a> <a title="ERP 2010.pdf page 4" href="http://viewer.zmags.com/publication/347728e7?page=4"> King Sturge: European Retail Property • The s</a> <a title="ERP 2010.pdf page 5" href="http://viewer.zmags.com/publication/347728e7?page=5"> Economics</a> <a title="ERP 2010.pdf page 6" href="http://viewer.zmags.com/publication/347728e7?page=6"> King Sturge: European Retail Property Economi</a> <a title="ERP 2010.pdf page 7" href="http://viewer.zmags.com/publication/347728e7?page=7"> turnaround in what were hitherto three of </a> <a title="ERP 2010.pdf page 8" href="http://viewer.zmags.com/publication/347728e7?page=8"> King Sturge: European Retail Property years. </a> <a title="ERP 2010.pdf page 9" href="http://viewer.zmags.com/publication/347728e7?page=9"> Table 2 – Retail sales (nominal) by country and p</a> <a title="ERP 2010.pdf page 10" href="http://viewer.zmags.com/publication/347728e7?page=10"> King Sturge: European Retail Property Other m</a> <a title="ERP 2010.pdf page 11" href="http://viewer.zmags.com/publication/347728e7?page=11"> Table 4 – Historic and forecast retail sales grow</a> <a title="ERP 2010.pdf page 12" href="http://viewer.zmags.com/publication/347728e7?page=12"> King Sturge: European Retail Property Map 1</a> <a title="ERP 2010.pdf page 13" href="http://viewer.zmags.com/publication/347728e7?page=13"> Table 5: Current and forecast retail sales per ca</a> <a title="ERP 2010.pdf page 14" href="http://viewer.zmags.com/publication/347728e7?page=14"> King Sturge: European Retail Property retail </a> <a title="ERP 2010.pdf page 15" href="http://viewer.zmags.com/publication/347728e7?page=15"> the Hungarian government have had a negativ</a> <a title="ERP 2010.pdf page 16" href="http://viewer.zmags.com/publication/347728e7?page=16"> King Sturge: European Retail Property Map 2</a> <a title="ERP 2010.pdf page 17" href="http://viewer.zmags.com/publication/347728e7?page=17"> Map 3: Retail sales growth hotspots in Western Eu</a> <a title="ERP 2010.pdf page 18" href="http://viewer.zmags.com/publication/347728e7?page=18"> King Sturge: European Retail Property </a> <a title="ERP 2010.pdf page 19" href="http://viewer.zmags.com/publication/347728e7?page=19"> European retail markets</a> <a title="ERP 2010.pdf page 20" href="http://viewer.zmags.com/publication/347728e7?page=20"> King Sturge: European Retail Property Europea</a> <a title="ERP 2010.pdf page 21" href="http://viewer.zmags.com/publication/347728e7?page=21"> Retailer fall-out/administrations A drop-off i</a> <a title="ERP 2010.pdf page 22" href="http://viewer.zmags.com/publication/347728e7?page=22"> King Sturge: European Retail Property higher </a> <a title="ERP 2010.pdf page 23" href="http://viewer.zmags.com/publication/347728e7?page=23"> International expansion Amidsttheturmoilofdomest</a> <a title="ERP 2010.pdf page 24" href="http://viewer.zmags.com/publication/347728e7?page=24"> King Sturge: European Retail Property expansi</a> <a title="ERP 2010.pdf page 25" href="http://viewer.zmags.com/publication/347728e7?page=25"> Fig 5: Breakdown of cross-border sales by country</a> <a title="ERP 2010.pdf page 26" href="http://viewer.zmags.com/publication/347728e7?page=26"> King Sturge: European Retail Property • Inte</a> <a title="ERP 2010.pdf page 27" href="http://viewer.zmags.com/publication/347728e7?page=27"> Shopping City, Sibiu, Romania of this was Ru</a> <a title="ERP 2010.pdf page 28" href="http://viewer.zmags.com/publication/347728e7?page=28"> King Sturge: European Retail Property </a> <a title="ERP 2010.pdf page 29" href="http://viewer.zmags.com/publication/347728e7?page=29"> European retail property markets</a> <a title="ERP 2010.pdf page 30" href="http://viewer.zmags.com/publication/347728e7?page=30"> King Sturge: European Retail Property Europea</a> <a title="ERP 2010.pdf page 31" href="http://viewer.zmags.com/publication/347728e7?page=31"> Table 9: European prime retail rents 2006 - 2009 </a> <a title="ERP 2010.pdf page 32" href="http://viewer.zmags.com/publication/347728e7?page=32"> King Sturge: European Retail Property prime r</a> <a title="ERP 2010.pdf page 33" href="http://viewer.zmags.com/publication/347728e7?page=33"> 3D Shopping Centre, Zagreb, Croatia an average </a> <a title="ERP 2010.pdf page 34" href="http://viewer.zmags.com/publication/347728e7?page=34"> King Sturge: European Retail Property Jones L</a> <a title="ERP 2010.pdf page 35" href="http://viewer.zmags.com/publication/347728e7?page=35"> substantially lower transaction values – Italy, S</a> <a title="ERP 2010.pdf page 36" href="http://viewer.zmags.com/publication/347728e7?page=36"> King Sturge: European Retail Property gravita</a> <a title="ERP 2010.pdf page 37" href="http://viewer.zmags.com/publication/347728e7?page=37"> Map 4: Shopping centre investment 1999 - 2008: Do</a> <a title="ERP 2010.pdf page 38" href="http://viewer.zmags.com/publication/347728e7?page=38"> King Sturge: European Retail Property Table </a> <a title="ERP 2010.pdf page 39" href="http://viewer.zmags.com/publication/347728e7?page=39"> Occupier markets have therefore fallen under the </a> <a title="ERP 2010.pdf page 40" href="http://viewer.zmags.com/publication/347728e7?page=40"> King Sturge: European Retail Property inflatio</a> <a title="ERP 2010.pdf page 41" href="http://viewer.zmags.com/publication/347728e7?page=41"> shifted away from the landlord to the tenant. The</a> <a title="ERP 2010.pdf page 42" href="http://viewer.zmags.com/publication/347728e7?page=42"> King Sturge: European Retail Property The fut</a> <a title="ERP 2010.pdf page 43" href="http://viewer.zmags.com/publication/347728e7?page=43"> </a> <a title="ERP 2010.pdf page 44" href="http://viewer.zmags.com/publication/347728e7?page=44"> LOCATIONS UK England • Scotland • Wales TH</a>