European deals hit EUR 13b in first quarter

PropertyEU Research recorded a total of EUR 13.4 bn in real estate investment deals in the first quarter of 2010. This figure is 15% up on the first three months of 2009.

The retail sector outstripped offices in Q1 2010, with EUR 5.2 bn, boosted by Corio's acquisition in March of a portfolio of operational shopping centres and shopping centre developments from developer-owner Multi Corporation for EUR 1.3 bn. The second-largest deal reported in the quarter was Unibail-Rodamco's acquisition of Simon Ivanhoe's portfolio of shopping centres in France and Poland for EUR 715 mln in February.

PropertyEU Research tracks and analyses investment deals of EUR 20 mln or above for which the financial details are known. The full deal analysis for Q1 2010 appears in the April edition of PropertyEU Magazine.

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