The stronger than expected economic recovery may boost the retail sector.
Annual supply is likely to be low in 2014 with expected deliveries reaching 85,500 sq m, 52% down on 2013.
Key retail construction trends include development of smaller district centres, malls below 25,000 sq m and extensions of established shopping centres. Retail park expansion continues in regional capitals but also in municipalities below 20,000 inhabitants. In 2014 developers have revived also plans for outlet centre development.
Source : DTZ (Groupe UGL)