Research

Shopping Centre Investment Review & Outlook 2021 Australia & New Zealand

Our Investment Review & Outlook report analyses the performance of the Retail sector in Australia & New Zealand over the past year, as well as outlines the prospects for 2021.

March 02, 2021

The appetite for defensive assets with long WALE and strong covenants drove the majority of investment volumes in 2020. This trend is expected to continue as buyers remain cautious around heavily discretionary-weighted assets, and while there is a lack of motivated sellers for these large-scale assets.

Sam Hatcher & Jacob Swan, Joint Heads of Retail Investments, Australia

Key report insights include:

  • Retail investment market activity rebounded in the second half of 2020 reflecting strong retail turnover growth, an improvement in the general economic outlook and supportive capital markets drivers.
  • Australian transaction activity totaled AUD 4.8 billion in 2020, and New Zealand retail transaction volume totaled NZD 565 million.
  • Stimulus-induced retail spending boosted sales quickly back to pre-pandemic levels by June in most categories in Australia (excluding Victoria).
  • We expect retail investment market activity to increase in 2021. Owners are likely to reactivate disposal programs and selectively divest assets in order to re-weight their portfolios, and to raise capital for refurbishment projects.

Download a copy of our Australia & New Zealand Shopping Centre Investment Review & Outlook report to find out more.

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