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Bulgaria among Europe Leaders in Shopping Malls Construction

Monday, Apr 26, 2010

Bulgaria is among the five European states with the largest amount of commercial space under construction, according to a report of Cushman&Wakefield.
The report says that in 2009 when the European market of commercial space registered a 19% decrease, Bulgaria ranked fifth in Europe with some 600 000 square meters of “shopping malls” space under construction.
The ranking is topped by Russia which is followed by Turkey. The report says that the opening of the new shopping malls in 2010 and 2011 will lift Bulgaria up in the ranking of commercial space per 1 000 persons.
According to the report, in 2009 Bulgaria and Croatia registered the largest percentage growth of commercial space. Some 300 000 square meters of commercial space are to be opened in 2010. This is an enormous amount for the scope of the Bulgarian market.
The commercial centers that have been opened since the beginning of the year have shown that the consumers in the big cities are still active.

Source: novinite.com