Thursday, 19 November 2020

Shopping mall boom at an end

Radio Prague |
12 January 2011

Recent years in the Czech Republic saw a major boom in new shopping centre development throughout the country. Now the boom is at an end. According to the daily Lidové noviny, 2011 will be the first year in two decades which will not see the opening of a single new large retail centre. "The development of large-scale shopping centres will not cease entirely but will be very, very specific and opportunity-driven," says Richard Curran of real estate advisor CB Richard Ellis.