Foreign investors to invest €1bn in high street stores
After a long period of bankruptcies and store vacancies, high streets in the Netherlands are seeing recovery as foreign investors move in, the Financieele Dagblad said on Friday.
Foreign investment in the Dutch retail sector will top €1.1bn this year and could possibly rise to double that amount according to property consultancy Capital Value in a report to be published next week. Such investment into Dutch high street property in 2016 was put at €900m in 2016.
The Capital Value survey covered about 100 shop owners and 30 large investors. The investors are based in Germany, Britain and Asia.
Capital Value spokesman Marijn Snijders said they found prices for retail property in the Netherlands to be reasonable. The shop owners were a mixture of independent and chain stores.
One-third of the investors in the survey already own retail property in the Netherlands and more than 50% are interested in supermarkets.
About half of the retailers in the poll said sales were higher in 2016 and 61% are expecting an increase this year. One-third expected to open more stores in their retail stores chains in 2017.
But about 17% of shop owners expected they would be forced to close this year, the report said.
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