Traffic in shopping centres in Europe's biggest markets has been declining.
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Now we just have The Vamps playing gigs in West London shopping centres.
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Dozens of shopping centres and hundreds of other shops kept their shutters closed.
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The results may be heard in Hong Kong's shopping centres almost every night.
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The country's shopping centres and supermarkets have also been temporarily closed over weekends.
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The country has about five times as many shopping centres per person as Britain.
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Its blue eagle logo can be found in shopping centres from Nairobi to Lagos.
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But under a new edict from Venezuela's government, shopping centres must close by seven.
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There is a high-speed train, a tram, shopping centres and high-rise residential buildings.
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The sectors involve central London offices, development land and buildings, retail parks and large shopping centres.
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Mr Mathrani reckons that, for shopping centres to match demand, 30% of space should close permanently.
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Shopping centres, blocks of flats and hotels are springing up in Asunción, the once-sleepy capital.
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It has since reinforced perimeter security at transport hubs, stadiums, shopping centres and other public places.
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Unibail's rating reflects its geographically diverse portfolio of prime shopping centres that generates robust rental income.
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Shopping centres operator Scentre Group fell 1.13 percent, while property company Stockland Corporation Ltd slipped 1.37 percent.
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Already, Istanbul's once-green northern reaches are being covered over by gated luxury communities and shopping centres.
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The city feels like a building site, with workers breaking ground on new hotels and shopping centres.
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The council has been buying shopping centres, developing office blocks and even building a cinema complex, Elwick Place.
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Shropshire Council bought some rotting old shopping centres in Shrewsbury in January, using £52m from its capital budget.
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With online shopping laying waste to bricks-and-mortar malls, those shopping centres may be a poor investment.
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The deal adds 35 shopping centres, including in London and upscale U.S. markets, to Unibail-Rodamco's bulging portfolio.
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In many cases, this has been matched by investments in mines and manufacturing plants, shopping centres and corner stores.
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But intelligence officials have continued to warn that crowded places, such as shopping centres and public transport, are vulnerable.
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British commercial real estate - from office blocks to shopping centres - has been particularly hard hit by uncertainty surrounding Brexit.
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Six months on, new roads, shopping centres and a small hospital are rising from the ruins of the levelled town.
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But we have to drive shoppers to come and shop at our shopping centres, to allow our tenants to thrive.
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Stores are usually in areas of high foot traffic in major metropolitan shopping centres as well as in city centres.
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RDM says they are also intended for use in places such as airports, shopping centres, university campuses and theme parks.
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A huge IKEA, a Swedish homeware shop, greets visitors to the city, which has no fewer than four shopping centres.
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It was down 2.7% on UK high streets and down 3.1% at shopping centres but up 1.2% at retail parks.
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The gambling hub of Macau was virtually a ghost town, while malls and shopping centres in Asian capitals were bare.
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Police confiscated the suspects' phones, on which they found footage of presumed targets including airports, ports, shopping centres and hotels.
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The company added A$433 million to the value of its commercial buildings, mostly shopping centres, following a series of refurbishments.
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Local councils have taken a lead in buying decaying, gloomy shopping centres to redevelop as mixed residential, retail and entertainment areas.
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In America, which has about five times as much space in shopping centres per person as Britain, the pain is acute.
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Were there no call centres in the Philippines, there would be many fewer middle-class people, and hence fewer shopping centres.
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The company aims to increase the total number of shopping centres to 27 from 19 in four years, the CEO added.
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Cleor has 140 shops located in the main shopping centres in France and expects 80 million euros in sales this year.
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In the past three years councils have bought £218m-worth of shopping centres alone, according to Knight Frank, a property company.
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In a statement on Friday, the two firms said they have bought three shopping centres in the country for $3.53 million.
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The installations have blossomed across the Asian financial centre, at bus stops and shopping centres, under footbridges and along pedestrian walkways.
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Although the high street is struggling, out-of-town retail sites and shopping centres are still profitable and have great strategic potential.
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Town planners and builders have forgotten the importance of aesthetics, assembling identikit houses and shopping centres without even nodding to local traditions.
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Earlier on Friday, Catalonia, Spain's second-richest region, ordered the closure of gyms, nightclubs and shopping centres, apart from ones selling food.
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Whittaker became its biggest investor in 2011 when he sold the Trafford Centre to Capital Shopping Centres, which was subsequently renamed Intu.
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Ivanhoe is focusing on industrial and logistics assets as Canada, like other countries, moves away from traditional shopping centres, Palladitcheff told reporters.
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Luzhkov, a wily wheeler-dealer who presided over Moscow's transformation into a metropolis of skyscrapers and shopping centres, was hardly a communist.
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LONDON — An exhibition is replacing advertisements at shopping centres, train stations and high streets with stunning portraits of members of the British public.
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Planners follow a path of development laid down in the 1960s—towers, shopping centres, plazas—and what Mr Kuma calls "last century clichés".
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Business in Poland has gone so well that Strabag is branching out from EU-funded infrastructure into hotels, shopping centres and office blocks.
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KEY RATING DRIVERS Strong Portfolio NEPI Rockcastle's retail portfolio mainly comprises dominant shopping centres in large and medium-sized urban conglomerations across CEE.
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Paris-based Klepierre owns more than 100 shopping centres across 16 countries but does not have any sites in the UK and Ireland.
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The terrorist attacks have prompted a surge in new recruits, but it is not obvious that they signed up to patrol shopping centres.
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Majid Al Futtaim is a Dubai-based holding company but also owns and operates shopping centres in the Middle East and North Africa.
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Beyond Wuhan, some Chinese have begun cancelling travel plans for the Lunar New Year and avoiding public areas like cinemas and shopping centres.
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The walls have blossomed across the Asian financial centre, at bus stops and shopping centres, under footbridges, along pedestrian walkways and at universities.
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It is because of these requirements that, in many office developments and shopping centres, more space is given over to cars than to people.
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Year-round sunshine, luxurious shopping centres, and architecture juxtaposing modern marvels with ancient sites all combine to make Dubai the Middle East's crown jewel.
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They can also help you find the nearest restaurants, shopping centres, rest areas, and other locations that might be considered off-the-beaten-path.
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Total sales, which also include rental income at its shopping centres business, were up 2 percent to 37.1 billion euros, it said on Wednesday.
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Immofinanz has five shopping centres in and around Moscow with a book value of about 1.2 billion euros, including 700 million euros of debt.
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The company plans to build shopping centres and hotels within its two most mature projects, Citra Garden City and Citra Raya Tangerang, by 2018.
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Certainly, Mr Kokotajlo's drama should make you look anew at those polite, smartly dressed people who stand next to racks of booklets in shopping centres.
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This resulted from a significant impact from the "yellow vests" protests on shop openings in around 15 percent of its shopping centres in the country.
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Shares of Vicinity Centres, which manages shopping centres around Australia, have fallen almost 8 percent this year, and Stockland shares have gained just 1 percent.
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Improved Asset Mix: Atrium continues to improve the quality of its portfolio, acquiring and developing several large shopping centres in Poland and the Czech Republic.
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Visits to shopping centres were down by a half on New Year's Day compared with the same day in 2016, according to Springboard retail intelligence. bit.
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Dutch clothing chain C&A, Britain's Topshop, German cosmetics firm Douglas and U.S.-based dietary supplement retailer GNC have disappeared from shopping centres in recent months.
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Immofinanz said earlier this year it would invite bids from around 25 "pre-qualified" parties which have expressed an interest in the five Moscow shopping centres.
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Total retailer sales at Klepierre's shopping centres rose by 0.9 percent year-on-year, held back by a 0.7-percent decrease in France, Klepierre's largest market.
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The fund had around 62% of its assets in London and the south east; its biggest investments included shopping centres in Leamington Spa, Newcastle and Slough.
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Investigate walking groups that use shopping centres or other indoor areas in the early morning in situations where it's too hot or wet to walk outdoors.
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IKEA Group said it invested 2.8 billion euros in total in stores, distribution and customer fulfilment networks, shopping centres, renewable energy and forestry in the year.
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Shopper numbers across British high streets, retail parks and shopping centres fell by 24% in June, according to figures by Springboard, a retail research business. bit.
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The company's existing 44 shopping centres in 14 markets are all anchored by a traditional, warehouse-like IKEA store, and it has had them built itself.
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Within a few months, a city with shopping centres, a Ferris wheel, high-rise housing and Uighur restaurants sprang up on the Chinese side of the border.
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A spokeswoman added that a spin-off remained an option for the Russian assets, which are all shopping centres in Moscow, but the company prefers a sale.
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Whereas other carmakers sell their vehicles through networks of independent dealers, Tesla sells directly to the public, through its website and in showrooms located in shopping centres.
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There were also strains in the commercial retail property market, with possible overbuilding of shopping centres, while banks had sharply increased lending to the sector in recent years.
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Town and city centre stores benefited from the uptick in demand rather than shopping centres and retail parks, which saw footfall decline on Friday and Saturday, Springboard said.
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Intu, which owns and manages shopping centres, jumped 6.8 percent and posted its biggest gains for six years after its earnings beat expectations and it increased its dividend.
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At this late stage it's almost impossible to get things delivered in time for the big day, and we have to scramble around shopping centres getting thoroughly agitated.
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But the usual bonanza for the tourism and consumer industries may be hit as some people were cancelling trips and avoiding public areas like cinemas and shopping centres.
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The large mosaics of Post-it notes calling for democracy have cropped up in underpasses, outside shopping centres, at bus stops and universities and outside the Legislative Council.
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In December, Immofinanz announced a delay in the sale or spin-off of its five Moscow shopping centres - a precondition for the merger both groups agreed on - to 2017.
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In America, even though e-commerce still accounts for less than 25% of retail sales, it has left dead malls, derelict shopping centres and bereft landlords in its wake.
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The problems faced by America's retailers are particularly acute because there are so many of them: shopping centres eat up five times more space per person than in Britain.
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Intu said that the price indicated "continuing investment demand" for UK shopping centres, despite market sentiment indicating a post-Brexit decline in values across many sectors, including retail property.
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The U.K. shopping centres owner rejected a 4.9-billion-pound ($6.89 billion) bid from the French company in March, months after it set out to buy smaller rival Intu.
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All of the events will be located at Unibail-Rodamco Shopping Centres at CentrO in Oberhausen, Germany; Les Quatre Temps in Paris, France; and La Maquinista in Barcelona, Spain.
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The three shopping centres acquired by APG and Xander total about 3.5 million square feet and are in Bengaluru and Chennai in southern India, and Surat in the west.
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His Peel Holdings owns a stake of about 27 percent in the shopping centres business, according to Refinitiv Eikon data, and he sits on Intu's board as deputy chairman.
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It is the third-largest listed European retail property group with a portfolio including 205 shopping centres in France, Spain and Italy, and assets valued at 5.4 billion euros.
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The young Mr Kim has promised his oppressed people more leisure and consumption: shopping centres, renovated funfairs and a water park have in recent years been unveiled in the capital.
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The company added A$21.7 million to the value of its newly refurbished commercial buildings - mostly shopping centres - which helped boost net profit for the six months to December 31.
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CA Immo has said Immofinanz must sell or spin off its five Moscow shopping centres, which have weighed on its results for years, or risk the collapse of the merger.
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But there are reasons to be optimistic: on a continent where proper shopping centres are still rare and traffic jams are ubiquitous, ordering things online ought to hold wide appeal.
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The rating reflects the company's portfolio of dominant shopping centres in eight central and eastern Europe (CEE) countries, mainly in Romania (0003% by market value) and Poland (29% by market value).
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Amazon already runs its own lockers in the United States and Britain, self-service boxes in places like shopping centres where customers key in a unique code to access their parcel.
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Around 26.9309% of restaurants and shopping centres have reopened in major cities such as Beijing and Guangzhou, search engine Baidu said on Thursday, although traffic is light in restaurants and malls.
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It was in the early 1960s, before a lot of people on the left were pro-choice... We were in shopping centres, holding up signs saying 'every child a wanted child.
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BNP Paribas Real Estate, a property adviser, says councils spent £325m on shopping centres in the first half of this year, more than in all of 2016, the biggest year on record.
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I have also put the odd disgusting, pink meat tube in my mouth and hoped for the best, and I have eaten in more shopping centres than I am happy to admit.
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When youngsters in Hong Kong packed shopping centres to sing a new protest anthem, small bands of the party faithful were mobilised to belt out China's national anthem in the territory's malls.
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MOSCOW, Aug 25 (Reuters) - Austrian real estate company Immofinanz has drawn up a short list of 4-5 bidders for its five Moscow shopping centres, three sources familiar with the talks told Reuters.
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"We all have a 400m- or 500m-real project sitting in a drawer waiting for the economy to pick up," says Carlos Jereissati, the CEO of Iguatemi, a chain of luxury shopping centres.
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Hardline group Islamic Defenders Front swept into shopping centres in Surabaya, East Java, last week to make sure Muslim staff were not forced by employers to wear Santa hats or other Christmas gear.
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Shares in other British property groups, including Hammerson Plc, British Land and Land Securities , also weakend on the third quarter trading update from Intu, which has 20 shopping centres in Britain and Spain.
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Hundreds of people are expected to join hands outside metro stations in the city on Friday night, including in the central business district, prime shopping centres, the Kowloon peninsula and rural New Territories.
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The gambling hub of Macau was virtually a ghost town, while malls and shopping centres in Asian capitals such as Bangkok were bare, with many who ventured outdoors wearing green or white masks.
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LONDON — Train stations, shopping centres, museums and libraries could be making people ill by exposing the public — without their knowledge — to airborne ultrasound and very high frequency noise (VHF), a new study has revealed.
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Immofinanz's Chief Financial Officer Stefan Schoenauer told reporters on Wednesday there was a shortlist of less than five potential buyers for its five Moscow shopping centres, the last hurdle to restarting the merger talks.
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VIENNA, Nov 13 (Reuters) - Austrian real estate group Immofinanz has agreed to sell its five Moscow shopping centres to Russian property company Fort Group for 901 million euros ($1.05 billion), it said on Monday.
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While we expect the company to continue to acquire active, tenanted shopping centres and to maintain the current conservative financial position, we have some concerns that the volume of acquisitions may increase operational risks.
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Hammerson's portfolio includes investments in around 20 prime shopping centres in the United Kingdom, France and Ireland, more than 20 convenient retail parks in the United Kingdom and around 20 premium outlets across Europe.
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PARIS, Feb 22015 (Reuters) - French mall operator Klepierre on Tuesday reported 22016 earnings per share just ahead of its target thanks to an increase in rents driven by stronger sales at its shopping centres.
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The Swedish home furnishings retailer closed stores and shopping centres in countries including Spain, Austria, Italy, Denmark, Germany, Portugal, Belgium, the United States and Canada, though British and Irish stores remain open for now.
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Hammerson, which owns and manages shopping centres, was among top gainers, up 4.3 percent after it posted an increase in net asset value per share and said its premium retail outlets continued to outperform.
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The Lennon Walls are large mosaics of Post-it notes calling for democracy which have cropped up in underpasses, under footbridges, outside shopping centres, at bus stops and universities and elsewhere across the territory.
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"We expected that we would be able to open between 11 and 13 stores in the next 15 months, and now we are down to two," Engelbrecht said, citing a dearth of new shopping centres.
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During the cold war West Germany played host to more American military facilities than any other country, up to 900 by some definitions, incorporating schools and hospitals as well as sports complexes and shopping centres.
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The decisions highlighted the mismatch between the open-ended nature of such funds—allowing retail investors to buy and sell on a daily basis—and the illiquid assets they hold: office blocks and shopping centres.
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And if shopping centres shut down, councils will also lose the business rates they pay, which are meant to be local authorities' primary source of funding now that the central government grant is drying up.
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Majid Al Futtaim, an unlisted holding company that owns and operates shopping centres and hotels in the Middle East and North Africa, also has the franchise rights for French retailer Carrefour SA in 37 markets.
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Britain's vote to leave the European Union has weighed on property firms with offices and shopping centres, but industrial property firms have outperformed the sector, boosted by higher demand for warehouses as retailers expand online operations.
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The company, which agreed to be bought by rival British shopping centres owner Hammerson Plc for about 3.4 billion pounds ($4.56 billion) in December, said full-year like-for-like net rental income grew 0.5 percent.
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Shopping centres in France, which previously have lagged the company average growth, picked up with rental rising around 2.5% and retails sales growth turning positive, despite temporary negative effects from the Paris terrorist attacks in 443Q15.
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Majid Al Futtaim, a holding company which also owns and operates shopping centres in the Middle East and North Africa, said in a statement it was acquiring the Geant franchise owner Retail Arabia from BMA International.
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Schools have been shut since Monday and Plenkovic said more measures were expected in the coming days, including closing cinemas, theatres, sports centres, restaurants, bars, shopping centres as well as shorter opening hours for some shops.
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The company has been striving to reduce its net debt, which stood at 2.8 billion pounds at the end of last year, by offloading assets and refocusing on its city shopping centres and premium outlets division.
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Sun Hung Kai Properties is facing calls for a boycott of its 24 big shopping centres after some accused the developer, Hong Kong's largest, of letting the police clash with protesters on its premises on July 14th.
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Hammerson, a property developer responsible for some of Britain's best-known shopping centres, including Brent Cross in London and the Bullring in Birmingham, spent £3.4bn ($4.6bn) to buy Intu, which operates Lakeside in Essex and other arcades.
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His gut tells him that his county, a sun-frazzled expanse of retirement villages and shopping centres around Phoenix, is safer when foreigners with no legal right to be in America are tracked down and locked up.
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Industry data had indicated that the post-Christmas sales started slowly, with the number of shoppers visiting shopping centres and retail districts dipping year-on-year the day after Christmas, traditionally one of the busiest of the year.
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In 2016, the firm planned to open one new shopping mall at southern province Nakorn Sri Thammarat, renovate four shopping centres and launch three condominium projects to make use of vacant areas near its shopping malls, she said.
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"We have a reduction in unemployment everywhere in Europe...and that will boost consumption in shopping centres," Jestin said after Klepierre said leasing activity was "intense" in 2017, with 13,864 deals signed, up 8 percent year-on-year.
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The new company would be the third-largest listed European retail property group with a 21 billion euros ($20.9505 billion) portfolio including 205 shopping centres in France, Spain and Italy, and a net asset value of 2.9 billion euros.
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JERUSALEM, Dec 28 (Reuters) - * Gazit-Globe, Israel's largest real estate company, said on Thursday it entered into a binding agreement to buy 70 percent of Brazil's Internacional Shopping, one of the biggest shopping centres in the Sao Paulo area.
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Hong Kong's retail sector, already battered by months of often violent anti-government protests, is likely to get worse in coming months as a new coronavirus outbreak in mainland China has emptied shopping centres and closed down tourist attractions.
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VIENNA, Oct 20 (Reuters) - Austrian property group Immofinanz is likely to decide early next year on how to dispose of its five Moscow shopping centres, which have attracted interest from a number of potential buyers, CEO Oliver Schumy said on Thursday.
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Immofinanz in February wrote down 400 million euros on its five Russian shopping centres and continues to offer rent reductions to tenants in Moscow because they would otherwise struggle to pay their rents in dollars due to a weak Russian rouble.
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Westfield, owner of World Trade Center in New York, Westfield London and other high profile shopping centres, recommended the takeover in December, with Lowy's father Frank Lowy then calling it the best possible outcome for the business he started in 1960.
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ISTANBUL, March 19 (Reuters) - The Turkish association of shopping centres said on Thursday it was recommending that malls close due to the spread of the coronavirus after President Tayyip Erdogan advised Turks not to leave home for three weeks unless necessary.
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In the first large-scale action of its kind in Spain, Catalan authorities on Thursday locked down four towns north of Barcelona, while on Friday they ordered the closure of gyms, nightclubs and shopping centres, apart from ones selling food.
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The central European country, which has so far reported 16 cases of the new virus, also plans to close sport, leisure and entertainment centres like ski areas, pools and clubs, and will shut shopping centres over weekends among its measures.
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Its CEO Odisseas Athanassiou separately told the company's annual shareholders' meeting on Thursday that the developer would transfer the mall and two other Greek shopping centres to its Lamda Malls subsidiary and then list the unit, but did not give a timeframe.
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Diversified Offering and Tenant Mix The shopping centres have a wide variety of offerings: nearly all have a major food anchor, such as Carrefour or Auchan, a diversity of stores with a bias toward fashion, as well as food and entertainment outlets.
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I think I lasted about 20 minutes in that slightly rundown theatre in one of Harare's shopping centres before picking up my really tacky over-the-shoulder corduroy bag modelled after the five-pocket design of a pair of jeans and leaving.
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TEL AVIV, March 2 (Reuters) - Israeli real estate developer Gazit-Globe said on Wednesday it has decided to terminate a process to sell its shopping centres in Israel after receiving an offer that did not reflect a significant premium to its book value.
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CAIRO, March 23 (Reuters) - United Arab Emirates ministry of health has decided to close shopping centres, all commercial centres, and open markets, except for the fish, vegetables and meat markets and will limit restaurants to delivery services, state news agency said on Sunday.
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After official appeals to stay calm, many Chinese were cancelling trips, buying face masks, avoiding public places such as cinemas and shopping centres, and even turning to an online plague simulation game or watching disaster movie "The Flu" as a way to cope.
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MTR Corp, the subway operator which is about 75% owned by the government and itself owns some shopping centres, said it would refund rents and other charges on a pro rata basis to its tenants for the time it shut the stations or centres.
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"Look, at Nigeria with the new legislation there where the clothing retailers had to withdraw, now you don't have enough tenants for (shopping) centres and therefore not as many centres are being built and now growth slows," Pieter Engelbrecht told Reuters in an interview.
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"We have seen more intensive discounting from our competitors and a materially lower level of footfall across the high streets and shopping centres of the UK. Despite this, we have resisted discounting pressures," Moss Bros Chief Executive Brian Brick said in a trading statement.
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"We are making good progress with fixing the balance sheet, our number one priority," Intu said in a statement, adding that it sold off nearly 500 million pounds worth of shopping centres in 2019 and talks to sell intu Asturias were at advanced stages.
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The Lennon Walls are large mosaics of Post-it notes calling for democracy and denouncing perceived Chinese meddling in the former British colony and have cropped up in underpasses, under footbridges, outside shopping centres, at bus stops and universities and elsewhere across the territory.
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Located in a park near Moscow's Kropotkinskaya metro station, the florist was part of a huddle of small shops and cafes that formed one of around 100 makeshift shopping centres declared illegal by the city and razed on the night of Feb. 8-9.
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The payback period for shopping mall developers in Istanbul has risen in recent years to an average of 22 years from 15-16, largely due to exchange rate risk and uncertainty about rental incomes, according to Hulusi Belgu, head of the Turkish Council of Shopping Centres (AYD).
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Elsewhere, Aeon Fantasy, which operates entertainment facilities in shopping centres, jumped 10% after the company said its June same-store-sales soared 13.2% on the year thanks to the popularity of medal games, a type of game played for tokens commonly found in shopping arcades in Japan.
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Elsewhere, Aeon Fantasy, which operates entertainment facilities in shopping centres, jumped 11.6% after the company said its June same-store-sales soared 13.2% on the year thanks to the popularity of medal games, a type of game played for tokens commonly found in shopping arcades in Japan.
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Dmitry Mints, a board member of O1 Group and deputy chairman of the supervisory board at CA Immo, told Reuters that he expects Immofinanz to launch the sale of the Russian shopping centres after it has completed the purchase of O1's shares in CA Immo.
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The properties are the Upper West commercial high rise in Berlin, the upmarket shopping centres Kaufmannshaus and Alsterarkaden in Hamburg, the Upper Zeil shopping mall that is in development in Frankfurt, and the remaining 50 percent of the Karstadt department store at Munich's main train station.
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"We are making good progress with fixing the balance sheet, our number one priority," Intu said in a statement on Monday, adding that it had sold shopping centres worth nearly 500 million pounds in 2019 and talks to sell intu Asturias in Spain were at an advanced stage.
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Unibail-Rodamco Shopping Centres located at CentrO in Oberhausen (Germany), Les Quatre Temps in Paris (France) and La Maquinista in Barcelona (Spain) The events are designed to bring a community feel to Pokémon Go by encouraging people to get outdoors to collect rare Pokémon, and compete in battles and raids.
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The Milan-based group - which operates restaurants at airports, motorways, rail stations and shopping centres - said on March 12 that the coronavirus outbreak had reduced its revenue by 25 million-13 million euros ($27.5-33 million) from the beginning of the year to the end of the first week of March.
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The Polish government is planning to introduce new taxes including a special new tax on fuels and electric energy, a new payment for television and radio services, a recycling payment as well as potentially a new tax on shopping centres and e-cigarettes, which could amount to 25 billion zlotys ($6.75 billion) per year in total, Rzeczpospolita daily reported.
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"In terms of...phasing out exclusive leases, our view is that they are already a diminishing feature of the market, and Pick n Pay has for some time sought to ensure that small retailers who want to open in shopping centres where we are present are able to do so," he said in an email to Reuters.
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"A few years ago I was doing shows in local malls and shopping centres being told I'd never get signed in NY. So I did my damn thing yesterday for everyone who called me fat, all the no's and rejections bc beauty is so much more than a size or shape or colour it's who you are and the light you shine," she wrote.
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Differences in population density and the greater propensity for US retailers to be located in malls makes comparisons difficult, but the potential level of overcapacity across the European retail sector is likely to be significantly lower than in the US. There is around five times as much gross leasable area (GLA) per capita in shopping centres in the US than in the UK and nearly 10 times as much as in Germany.
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