Based on the research conducted, the real estate consultancy Cushman & Wakefield predicts that only 7 million sq. m of new shopping centre space will be completed in Europe in 2010, which will represent the lowest level of development activity in this market segment in five years. The full effects of the global recession will likely be felt most strongly in 2011, when, according to forecasts, only 5 million sq. m of space will be created across Europe, which will be the lowest result since 2003.
We invite you to read the latest report from Cushman & Wakefield: European Shopping Centre Development.
The report in PDF format is available for download below.