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C&W: Delays to hinder expected upturn in European shopping center development

Posted on 01 October 2012

According to the latest European Shopping Centre Development Report released by Cushman & Wakefield today, “Whilst this year’s projected volume of new shopping centre completions at 6.9 million m² exceeds the 2011 total, a more cautious mood has clearly taken hold among occupiers and developers and delays have been reported in countries including Italy, France, Portugal, the Czech Republic and Romania. As a result, the actual volume of space delivered could well fall short of projections.”
Of the 71 new shopping centers opening in H1 2012, 53 were in Central & Eastern Europe and 18 in Western Europe. ……………………………………….Full Article: Source

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