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The number of locations suitable for building a shopping centre is shrinking

In 2014, approximately 125,000 sq m of retail space is expected to be built in the Czech Republic which represents a 35% decrease when compared to last year’s volume. Since the beginning of the year, already more than 60,000 sq m or retail space was opened to the public. For the remainder of the year, we expect an additional ca. 25,000 sq m of new shopping centres and 40,000 sq m in retail parks to be delivered to the Czech retail market.The biggest projects completed in the first half of 2014 were: Dandreet’s Galerie Teplice with approximately 22,000 sq m, Centrum Pivovar in Děčín (17,500 sq m) and OC Lužiny in Prague (16,000 sq m). The major schemes to be opened during the remainder of 2014 are: CTP Retail Park Brno (35,000 sq m),...[…]