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Essay text:
Eastern
Europe is leading the boom, with Russia, once again, the most active market (1 million sq m
opened in 40 schemes in 2007). Italy was just behind (0.8 million sq m), followed by Poland (0.7
million sq m). Germany, Turkey and Spain remained highly active, although completion levels in
Spain have moderated from the previous year.
Central Europe also remained a development hotspot in 2007 with southern Europe not far
behind. As expected, Western Europe was relatively muted, although new development is taking
place with the emphasis on redevelopment and extensions.
Neville Moss, Head of European Retail Research at Jones Lang LaSalle commented: “We expect
current trends to continue over the next two years...
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Common topics in this essay:
- Russia Leads Europe'S Shopping Centre Boom
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