Shopping center development in Europe is slowing, with just 3.8 million sqm delivered in 2017, down 23 percent y-o-y, according to Cushman & Wakefield. Total stock stood at 166.5 million sqm at the start of this year, with 6.6 million sqm set to hit the European market in 2018 and 2019. Western Europe accounts for 109.7 million sqm of the total stock, while 56.8 million sqm is in Central and Eastern Europe. Turkey drove development in 2017, adding 495,000 sqm in the second half of the year, followed by Russia (330,000 sqm) and Poland (298,000 sqm), according to C&W.
