Supermarket-anchored centres are the most sought after retail investment asset, according to Colliers International’s Retail Research and Forecast report.
Lachlan MacGillivray, Colliers International retail investment services national director, says the stability of supermarket-based retail, and food in general, has led to stronger interest from investors in supermarket-anchored shopping centres.
“As well as the fact that these assets are better weathering the downturn in discretionary spending, the lower average occupancy cost for specialty tenants in food-based centres has also been an attraction for investors,” MacGillivray says.
“Investors of all types will continue to seek steady income, smaller prime centres with minimal exposure to discretionary-based income over the next 12 months, and these are expected to be well placed for growth in 2012.”
The report says sales per sqm and influencing factors (store location and size, car parking, store product mix, fresh food and produce quality, local demographic, service levels and store refurbishment programs) will determine investment in smaller prime assets.