$700 mn investment in 2016 in Retail real estate: CBRE
The retail segment in the real estate sector attracted an investment of over 700 million last year and inflow from private equity firms and wealth funds could rise by up to 20 per cent in 2017, according to property consultant CBRE. "The retail segment in 2016 witnessed more than $0.7 billion of investment by PE firms and wealth funds and saw the entry of 19 new global brands into the country," CBRE said in a report. "Private equity investments into the segment are expected to increase by as much as 20 per cent in 2017, signalling that the overall market dynamics for the segment continues to be positive." In its latest India Retail MarketView report that tracks the country's seven major cities, the consultant said supply of retail space fell by 5 per cent to 3.4 million sq ft last year from 3.6 million sq ft of organised supply in 2015. These seven cities are NCR, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad and Pune. According to CBRE, a majority of the supply that entered the market in 2016 was concentrated in the National Capital Region (NCR), Bengaluru and Mumbai. Global retailers expanded their portfolio with multiple store openings. International apparel and domestic F&B players dominated demand.
Tags : News/Views