European investment activity in the retail sector held up better than activity in the investment market as a whole in the first quarter of 2009, according to a new research report issued by CB Richard Ellis on Thursday. Earlier this week, CB Richard Ellis revealed that overall investment turnover in the European market for Q1 had fallen by 44% quarter-on-quarter to EUR 11.5 bn. In contrast, the value of retail property sales fell by just 7% - from EUR 4.1 bn in Q4 2008 to EUR 3.8 bn in Q1 2009.
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