Investment In “Locales” Reached €1,330M In 2014

14 May 2015 – Expansión

It is not just shopping centres that are attracting interest from investors. High street shops (or “locales”) are also in demand. This is evidenced by the investment made in such premises last year, which amounted to €1,330 million, i.e. €330 million more than in 2013, according to Aguirre Newman.

The main investors were family offices, followed by investment funds. This year, new purchasers such as Socimis and funds specialising in retail premises are expected to enter the market. “There will be a change in terms of demand towards locations outside of the large cities and main high streets”, say sources at the consultancy firm.

Original story: Expansión

Translation: Carmel Drake

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