Russia Leads Europe'S Shopping Centre Boom

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Larry A


Date added:

August 12, 2014








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2 / 406


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Eastern Europe is leading the boom, with Russia, once again, the most active market (1 million sq m opened in 40 schemes in 2007). Italy was just behind (0.8 million sq m), followed by Poland (0.7 million sq m). Germany, Turkey and Spain remained highly active, although completion levels in Spain have moderated from the previous year...
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As expected, Western Europe was relatively muted, although new development is taking place with the emphasis on redevelopment and extensions. Neville Moss, Head of European Retail Research at Jones Lang LaSalle commented: “We expect current trends to continue over the next two years. Russia’s pipeline is phenomenal at over 6 million sq m and accounts for almost a quarter of the planned new space in Europe in 2008- 2009...
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