European shopping centre growth slows

Growth in new shopping centre space across Europe has declined by 10% to 10.8m sq ft in H1 2018, compared with the same period last year.

The amount of space under construction in the six-month period also dropped by 11% year-on-year, according to data from Cushman & Wakefield, with a 25% fall in Western European regions.

The findings show that over the past two decades, Europe has seen an average of 58m sq ft of new shopping centre space built every year, but an annual average of just 38m sq ft of new space is scheduled to