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UK shopping centre investment volume for 2013 could achieve £4bn

Encouraged by tentative signs of improved occupational conditions, we continue to see a diverse range of buyers in the market and we expect current momentum to continue for the rest of the year.Knight Frank’s UK Shopping Centre Investment report highlighted another strong quarter with robust number of deals in Q3. Total transaction volumes amounted to £1.03bn of assets across 12 individual assets and 2 portfolio deals. This represents an increase of 45% on the same period last year.

Investment volumes for 2013 have so far reached £2.92bn and exceeding the 2012 total of £2.74bn.

The largest transaction in Q3 was Blackstone and Sovereign Land’s £186m acquisition of St Enoch Centre in Glasgow reflecting a net initial yield of 7.2...[…]