European developments will suffer in 2010
Published: 02 October, 2009
New research from global real estate adviser Cushman & Wakefield predicts that 2010 will see the lowest level of European shopping centre development activity for five years. And the UK is no exception.
Justin Taylor, head of UK shopping centre leasing, Cushman & Wakefield, said: “The UK shopping centre development market remains very difficult due to issues of viability and financing.
“I anticipate very few schemes making a meaningful construction start on site over the next two years, but beyond that I am optimistic that the development programme will accelerate.
“These are large complex city centre regeneration projects which take time to re-gather momentum,” he concluded.
