Issue 2011 July 12th

This issue was created on 2011-07-12 11:12:00

  • European pipeline slow down hampering retailer expansion plansJuly 12, 2011
A shortage of new shopping centres being built in Europe restricted the expansion plans of retailers in 2010, but an increase in the amount of space available in emerging markets next year is expected to put retailer growth back on track, according to new research by property adviser CB Richard Ellis (CBRE). CBRE’s ‘Shopping Centre Stock in Europe’ research found that 1.9 million sq m of shopping centre space was completed in 2010 - a fall of 36% from the previous year. The 2009 total was also 30% lower than 2008, which represented the peak in development. However, if all of the new shopping centres due in 2011 are completed on time, there will be an increase of 53% in new space available to retailers next year, totalling 2.9 million sq m.
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