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Polish developers upgrading 2.75 bln square feet of older shopping center space

Posted on 28 November 2012

Unable or not willing to compete with newer, glitzier malls, many developers in Poland are reinvigorating and upgrading older shopping centers located in prime foot traffic locations. That’s what the biggest real estate players in the world heard at the recent annual MAPIC exhibition and conference in Cannes, France.
Warsaw Business Journal reports that according to a third-quarter 2012 analysis by Jones Lang LaSalle, about one-third of the existing shopping centers in Poland, totaling about 2.5 million square meters (about 2.75 billion square feet) of retail space, are currently being upgraded. (One square meter equals 10.76 square feet.)……………………………………….Full Article: Source

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