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Spanish retail rents stable due to aggressive discounts: Savills

Posted on 19 November 2010

From Propertyeu.info: The aggressive pricing strategies of Spanish retailers has helped to stabilise rents, according to Savills. The international real estate advisor reports that primary rents for shopping centres are in the region of EUR 90 m2/month and retail parks at EUR 16 m2/month, which is consistent with 2009 levels.
The stabilisation in rents is linked to retailers introducing 30-70% discounts in product pricing or assuming the cost of the July 2010 VAT increase, in a bid to encourage consumer spending……………………………………….Full Article: Source


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