More than 75 million sq ft of planned shopping centre development space in Europe has been axed or put on hold as a result of the global downturn.According to a report from property agency Cushman & Wakefield, about 107.6 million sq ft of new shopping centre space will open across Europe in 2009, 40 per cent less than forecast in July 2008. An even lower amount, 75.3 million sq ft, is expected to open in 2010 – representing the slowest rate of expansion since 2005.The report
17 April 2009
Shopping centre plans for Europe slow down
More than 75 million sq ft of planned shopping centre development space in Europe has been axed or put on hold as a result of the global downturn.According to a report from property agency Cushman & Wakefield, about 107.6 million sq ft of new shopping centre space will open across Europe in 2009, 40 per cent less than forecast in July 2008. An even lower amount, 75.3 million sq ft, is expected to open in 2010 – representing the slowest rate of expansion since 2005.The report
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