The proportion of retail property transactions making up overall activity in the Australian property sector rose during the third quarter of the year, new data has revealed.
Figures compiled as part of CBRE's latest national retail MarketView report showed this sector made up 23 per cent of total activity in Q3, with this action resulting in sales totalling more than AU$500 million.
This represents a 54 per cent increase in activity in the sector from the same time last year.
"Private investors have shown a particularly strong appetite for quality assets with a particular preference for centres which have a bias toward non-discretionary spending and food-based retailers," commented CBRE national director retail investments Steve Lerche.
The news follows recent research from Deloitte, which showed that just 13 per cent of retail businesses expect activity to be less this year than it was in 2011 during the upcoming festive period.
Posted by Craig Francis
