As the brilliant Liam Carpenter highlights in his sketches (“In Germany we don’t say…”), the German language excels at creating highly specific terms. One example I picked up during my time in Berlin is Nahversorgungszentrum—literally a “near-supply centre.” While not the snappiest English translation, it perfectly captures the concept of a local shopping or service hub designed to meet the everyday needs of a nearby residential population. Interestingly, these assets are now at the top of many investors’ wish lists—not just in Germany but across global markets, as noted in this insightful piece from Hodes Weill & Associates (thanks, Jonathan Read for sharing). What better way to stay aligned with consumer spending patterns than by focusing on our most essential needs? Does this growing interest in Nahversorgungszentren indicate a shift away from high-end or luxury retail? In France, at least, that would contrast with what Antoine Salmon and Vianney d'Ersu suggested this summer in Newmark’s note on the Champs-Élysées (see the comments for more details). Or are we seeing a polarization in the retail market, where demand for the essential and the ultra-luxury increasingly overshadows the (very wide) mid-range? #retail #CRE #Nahversorgungszentrum #groceries
Grocery-anchored retail is one of the most attractive and defensive investments in real estate as it generates stable cash flow throughout market cycles while attracting shoppers several days a week, creating consistent foot traffic for other tenants. For the full article read Kelly Keith's market commentary on our website: https://lnkd.in/eXuVzjJE or below. #institutionalinvestors #realestate #marketcycles #groceryanchoredretail
Managing Director at DTZ Investors REIM
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