Polarisation Widens in European Shopping Centre Market

European Shopping Centres Development 2019

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Increased repurposing expected of existing secondary retail space to office, residential and other uses. A total of 2.6 million square metres of new shopping centre space was completed in 2018, 28% below the 2017 figure. In 2018, the amount of new shopping centre space delivered in Western Europe fell by 23% year-on-year, while Central Europe experienced a 31% decline. Turkey, Russia, Poland and France saw the greatest amount of shopping centre space added in 2018.