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Sharp decline of Moscow shopping centre completions led to vacancy rate drop to 6.2%

According to JLL, only three shopping centres entered the Moscow market in 2017: Vegas Kuntsevo (113,400 sq m ), Vidnoe Park (24,000 sq m), and the retail part of Fili Grad multifunctional complex (12,000 sq m). The resulting annual figure of 150,000 sq m was the lowest in the past five years. It is[…]