European Shopping Centre Market Reaches Maturity as Growth in New Space Slows
- 1.0 million square metres of new shopping centre space was delivered in H1 2018, a 10% decline on H1 2017.
- Europe overall sees an 11% year-on-year fall in the amount of space under construction in H1 2018, with a 25% year-on-year fall in Western Europe.
- Shopping centre floorspace in Europe totalled 166.2 million sq m in H1 2018.
- One third of Europe’s shopping centre space was originally built over 20 years ago.