Only 20% of planned shopping area completed in 2009 in the Czech Republic
2010-02-23
Instead of the initially planned 390,000 m² of new shopping centres area, only 82,000 m² were completed in the Czech Republic in 2009. Six new shopping centres were launched in Mlada Boleslav, Jicin, Zatec, Usti nad Orlici, Pilsen and Beroun.
The total area of shopping centres planned for opening in 2010 equals to nearly 175,000 m², which represent an increase of over 110% towards the investment finished in 2009. It is, however, not certain how many of these projects will be implemented, Regal magazine reported.
Among the active developers with plans for 2010 are Ikea, InterCora, PVN, Sallerova construction, Stop.Shop and Tesco.
Vacancy rates in the shopping centres in the Czech Republic at present amount to merely 2% of the total 1.3 million m² of retail area, according to the study of the Cushman & Wakefield.
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