Global shopping centre development rises to 39 million sq m
A total of 39 million square metres (sq m) of shopping centre space is currently under construction across the world’s major cities, representing a three million sq m increase from 2013, according to the latest research from global property advisor CBRE.
The development activity of shopping centre space around the world is focused in China. Indeed, more than half of the shopping centre space under construction in the 180 countries surveyed is taking place within China’s borders. Shanghai takes first position with 3.3 million sq m of space under construction – more than the combined total of all 86 European cities excluding those in Russia and Turkey. Just behind Shanghai is Chengdu with 3.2 million sq m followed by Shenzhen and Tianjin with 2.7 million sq m and 2.5 million sq m under construction respectively.
Other markets in the top ten include Istanbul, Wuhan, Moscow, Beijing, Nanjing, and Guangzhou.
28 03 2014
‘MIPIM MOOD’ IS OVERWHELMINGLY POSITIVE AS BULLS RETURN
The mood at MIPIM 2014 was overwhelmingly positive with 85% of property professionals declaring that they are feeling ‘bullish’ about the European commercial real estate market, according to a recent opinion poll by global property advisor CBRE.
CBRE surveyed more than 300 property professionals at MIPIM 2014 - the world's biggest property forum held in Cannes - to discover current sentiment in the European commercial real estate market. The survey reveals that of the respondents polled the majority are feeling ‘bullish’ about the European commercial real estate market in 2014. This sentiment compares favourably with 2013, with more than three quarters (77%) describing their current mood as either ‘more positive’ or ‘about the same’ as last year.
07 03 2014
Germany is the most popular global market for retailers in 2014
Germany is the most sought after retail market in the world with 40% of global retailers planning to open a store there in 2014, while US retailers dominate large-scale expansion plans with almost half aiming to open 40 stores or more, according to the latest research from global property advisor CBRE. Read more
11 10 2013
GERMAN CITIES LEAD CBRE RANKING OF EUROPE’S LEADING PROPERTY INVESTMENT DESTINATIONS
Germany boasts five cities in CBRE’s ranking of Europe’s ten largest commercial real estate investment destinations for the first time, according to the latest research from global property advisor CBRE.
While activity by non-European buyers has increased in H1 2013, commercial real estate investment remains concentrated in a small number of European cities. The mature markets of London and Paris continue to lead in terms of their share of the European market and are ranked first and second respectively, while Moscow is now in third position.
07 10 2013
CBRE named exclusive leasing agent of Nikolskiy shopping and entertainment center in Kharkiv
CBRE has been appointed exclusive lease agents of new regional project of BUD HOUSE GROUP, located at 2, Pushkinska Street in Kharkiv. Read more
16 04 2014
Strong Start For European Commercial Real Estate Investment Market In 2014
Improved investor confidence and lending conditions, as well as notably increased activity from opportunistic investors in recovering markets, led to a strong start for the European commercial real estate market in 2014, according to the latest research from global property advisor CBRE. Read more
14 04 2014
CBRE Introduces Dedicated ResourceTo Assist Expanding US Retailers
CBRE, the global real estate advisor, today announced the appointment of David Close to a new role providing a dedicated resource for US retailers with global expansion plans. Read more