French commercial real estate investment volumes totalled €2.6 bn during the first quarter of 2013, according to new figures from Cushman & Wakefield.
French commercial real estate investment volumes totalled €2.6 bn during the first quarter of 2013, according to new figures from Cushman & Wakefield.
The strong figure represents a year-on-year rise of 44% and was fuelled by the completion of several large transactions. Seven investments in excess of €100 mln were recorded in the first quarter, accounting for 45% of total investment volumes.
Overseas investors accounted for three of the seven big ticket deals. The report also notes that both French and international investors have made the most of opportunities provided by vendors forced to sell off assets to reduce debt.
Despite the large year-on-year increase, Cushman & Wakefield notes that the total Q1 investment volume is still much lower than the average quarterly investment of €3.4 bn recorded over the last 10 years.
Cushman & Wakefield predicts that the French commercial property investment market will remain robust, despite the expectation that economic growth will be come to a standstill in 2013.
The report states that the amount of capital available and renewed interest amongst opportunistic investors may allow for increased investment activity in 2013.
A PDF of the full report is attached below
PropertyEU's latest French Investment Briefing update takes places in London in the morning of 11 June 2013.
