JLL: Retail real estate market to grow in 2015

The total retail stock within shopping centers will increase by some 547,000 sqm in 2015, according to a report by real estate advisory JLL. The amount of new retail supply is predicted to be over 200,000 sqm bigger than in 2014, but some construction delays may occur, the experts pointed out. “If that amount is delivered, this would make 2015 the most fruitful year completions-wise since 2009,” the report reads. The total value of investment deals on the retail market in 2014 amounted to some €570 million. “Importantly, there are a number of retail investment deals at very advanced stages that were expected to close in Q4 2014 but were delayed until 2015. We believe that a significant number of these transactions will be finalized in Q1 2015,” JLL said.