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Retail to Top the Table in 2003, Says CCRE

LONDON-Retail is set to be the best-performing property sector for the second year running, with a forecast total return of 13.5% for 2003, according to Colliers CRE.

By Graham Parker | Updated on June 20, 2003

LONDON-Retail property will outperform all other property sectors this year with a total return of 13.5%, according to Colliers CRE’s Midsummer Retail Report And it is the only sector to show both capital and rental growth at the moment.

The cheap cost of borrowing is driving demand for retail investments, and yields are continuing to harden, CCRE’s head of investment Andre James forecasts prime high street yields will move in from 4.75% to 4.5% in the next 12 months; prime shopping centres will firm from 6.0% to 5.75% and prime retail park yields will become even hotter, moving from 5.5% to 5.25%.

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