Market Update - Europe

"Elsewhere in Europe the retail re-opening has been delayed by slower vaccine roll outs, leading to lower levels of market activity and sentiment. Differing levels of government protection of tenants, and rules around corporate restructuring, will mean varying levels of vacancy and opportunity in each market.

Against this challenging background we have witnessed continued demand, whether by sector with Ath Leisure and Luxury being particularly active, or by location, with the more southern cities of Madrid, Milan and Rome beginning to see encouraging signs of life."

Larry Brennan