Samenvatting

The real estate market is a turbulent market where multiple trends and developments continuously affect real estate prices. Developments such as the COVID-19 pandemic and the growing E-Commerce market share caused an uncertainty in the high street real estate market. The average risk premium of Gross Initial Yields (GIY) has already increased and it is expected these risk premiums will increase even more in the next years. Tremendous research has been done into what determinants affect the risk of different real estate markets. Though 13.5% of the in total 17 billion euros of investment properties in 2021 were retail investments, there is not much information about the high street real estate market. Due to the different trends and developments in the market, there is a lack of clarity about which determinants influence the risk-return profile for high street retail property investments. For that reason, this research is about the determinants that affect the risk premium of high street real estate investments according to real estate investment organisations.