Warsaw and Prague lose ground against other CE capitals in terms of shopping centre development - July 2011

Warsaw boasts the most substantial amount of shopping centre GLA of all of the Central European capitals under consideration, but Bratislava leads the field in terms of GLA per 1,000 people. Furthermore, over the next few years the stagnation observed since 2008 is likely to continue, and by 2013 the Polish capital will host only two new projects, in addition to a few expansions. However, the Czech capital is expected to deliver even less. As Warsaw and Prague slow down, other capitals are catching up.

Capitals, as the largest and most affluent cities in the country, usually offer the best conditions for shopping centre development. However, they are also the first to approach saturation point, as many developers target them when looking for the most attractive and sound markets for their investments.