Retail has been most traded asset class so far in 2024, accounting for over 33% of overall property activity
It has been most traded asset class so far in 2024, accounting for over 33% of overall property activity
Should the sale of Blanchardstown Shopping Centre close by year-end, we expect total retail property investment activity to top €1 billion in 2024, the highest level since 2016. It was yet another extremely active year in the occupier market with demand from new market entrants in addition to existing retailers expanding their store portfolios.Oprah Winfrey discusses Claire Keegan’s Small Things Like These: ‘I had never heard of the Magdalene laundries’Notable new overseas entrants include Alo Yoga , Kiko Milano , Phase Eight , Swatch , Arket , Subdued and New Balance . Existing retailers opening further stores here include Space NK, Tommy Hilfiger and Mango.
We are certainly not oversupplied in terms of retail space, and it could be argued that there are real undersupply issues in many catchments and in some of the sub-sectors – prime shopping centre and retail parks being the most obvious examples. In the short to medium term, we don’t envisage any meaningful increase in retail supply.Nor do we expect any reduction in retail occupier demand.
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