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Russia dominant in shopping center development



Russia is dominating the shopping center development pipeline with construction projects in excess of five million square meters underway.

The first six months of 2014 has seen a massive 1.88 million m² of new shopping center space being developed across Europe.  Global property advisor, CBRE, state this type of development has mostly been concentrated in emerging markets, with a huge portion of 84% occurring in Central and Eastern Europe (CEE).

Russia dominant in shopping center development.jpg   

During 2013, more than 4.5 million m² of center space has opened across Europe, with Russia, Turkey, Poland and France experiencing the largest completion respectively.  Russia and Turkey have remained the busiest markets, as more than 60% of the completions during 2013 were based in these two countries.  During 2013, Russia developed 1.5 million m² of new stock.  In Turkey, more than 2.6 million m² of center space was being constructed in H1 2014.  The high construction rates are due to continuing developer interest in regional cities and an improved economy.

According to CBRE the activity levels in development in Europe are similar to the previous year as regards location, with new construction being dominated by CEE.  The larger projects are occurring in major cities across Turkey, with smaller schemes taking place in the outer regions. 



More about shopping malls in Russia



Nov 14, 2018, France:
Growing demand for destination shopping underpins McArthurGlen’s €1 billion development pipeline.
Nov 8, 2018, Poland:
One of the last large commercial plots in the city is being built as part of a mixed-use facility.
Nov 6, 2018, USA:
Taubman unveils $500 Million reimagination of iconic Beverly Center Reinventing Retail & Dining in Los Angeles, CA.
Nov 2, 2018, United Kingdom:
The digitally-enhanced playground will provide immersive Hans Christian Andersen play experiences.
Nov 1, 2018, USA:
Retail and dining concepts complement Burlington, DICK's Sporting Goods and Edge Fitness in replacing the former Macy's box.
Oct 26, 2018, United Kingdom:
Over 50 stores, cafés, and restaurants to open at King's Cross' new shopping district in London.
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Dania Pointe GLA:975 000 SF
ADDRESS: 292-344 North Bryan Road, Dania Beach, FL 33004
USA . Fort Lauderdale
Dania Pointe
FAN Mallorca Shopping GLA:592 015 SF
ADDRESS: C/ Cardenal Rossel, S/N. 07007 Palma de Mallorca
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ADDRESS: ve Eglence Merkezi | Istiklal Sokak No.2/B Yenisahra/Atasehir
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ADDRESS: Teatralnyi proezd, 5
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