The UK is poised to become a retail investment hotspot in the next few years at the expense of Central Europe, according to Alessandro Bronda, head of global investment strategy at Aberdeen Property Investors. Bronda aired the view at the PropertyNL retail conference in Amsterdam last week. PropertyNL is the sister publication of PropertyEU.
The UK is poised to become a retail investment hotspot in the next few years at the expense of Central Europe, according to Alessandro Bronda, head of global investment strategy at Aberdeen Property Investors. Bronda aired the view at the PropertyNL retail conference in Amsterdam last week. PropertyNL is the sister publication of PropertyEU.
Bronda said now was an ideal time to enter the UK retail market as it had reached the bottom and was now starting to pick up again. Meanwhile the market in Central Europe has not yet bottomed out, he said, and economic recovery would take longer. The demographics of the region are unfavourable as well, he noted.
By contrast, Herman Kok, European Head of Research at Multi Development, sees Central Europe offering more opportunities for retail investment than the UK due to strong demand from international retailers for new locations in Central Europe. Demand from local retailers is also growing, he said.
