Retail property investment volumes in Spain reached €850 mln in 2013, representing a three-fold increase on the €320 mln transacted in 2012, according to new research published by Savills at MIPIM.

Retail property investment volumes in Spain reached €850 mln in 2013, representing a three-fold increase on the €320 mln transacted in 2012, according to new research published by Savills at MIPIM.

Savills attributed the rise partly to increased activity from international funds, noting that many institutional investors believe now is the right time to invest in the Spanish market, primarily in Madrid and Barcelona.

The firm said that American, French, British and German funds, as well as capital from Latin America moved into Spain during 2013. Savills forecasts investment in the retail sector to reach €500 mln in the first half of 2014.

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