The retail investment market experienced an even more subdued start to the year than did the market as a whole. Q1 2021’s transaction volume of €1.2bn marks one of the weakest Q1 results in the past 10 years after 2018 and 2016. The number of deals was down by almost half from 80 to 45. Transaction activity was dominated by deals signed for under €50m. This calm start to the year is more than just a result of lockdown measures and the structural shift in the retail sector that has been ongoing for years.
