Food and grocery become new core in retail property investment

According to Savills, the food sector is becoming the new core in retail property investment. Last year, for the first time, investments in supermarkets, hypermarkets, and food discount stores accounted for a record 21 percent of total European retail activity, up from a five-year average of 7 percent.

Despite the decline of retail sales growth in Europe in 2020 (from 3.9 percent in 2019 to 1.7 percent in 2020), food and grocery sales increased by 7.5 percent, and are expected to continue to…