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Developments: Issue 243 31 May 2012

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construction and refurbishments, retail

No shopping centres set to open in 2012

In what is being called a watershed moment, there will be no major shopping centre openings this year.  The economic downturn has also led to the number of projects in the pipeline falling to 2.8 million square metres, compared with 7 million square metres in 2007. “The development pipeline has effectively come to a halt,” said Ed Cooke, the British Council of Shopping Centres’s policy director. “Ultimately it is all driven by the consumer. If the consumer is under...

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