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April
12

Global Research Reports

Germany

European Shopping Center Development Report - April 2012

The European shopping center market has developed cautiously in 2011. However, delays in several markets resulted in the amount of new shopping centre space in Europe in 2011 totaling 5.9 million sq.m, nearly identical to that of 2010. Just under 200 (197) shopping centres were completed across Europe last year. The largest schemes completed across Europe were: Westfield Stratford City in London (176,500 sq.m), Marmara Forum in Istanbul (156,000 sq.m) and Marineda City in A Coruña, Spain (146,000 sq.m). On 1 January 2012, total Gross Lettable Area (GLA) in Europe stood at 139.9 million sq.m.