RUSSIA LEADS EUROPE'S SHOPPING CENTRE BOOM, WITH ITALY AND TURKEY CLOSE BEHIND, ACCORDING TO JONES LANG
LASALLE'S NEW SHOPPING CENTRE DEVELOPMENT REPORT RELEASED TODAY AT MIPIM

MIPIM, Cannes, 11th March 2008 - Over six million sq m of new
shopping centre space was completed in Europe in 2007, one million more than in 2006,
according to Jones Lang LaSalle’s Shopping Centre Development report released today. Eastern
Europe is leading the boom, with Russia, once again, the most active market (1 million sq m
opened in 40 schemes in 2007). Italy was just behind (0.8 million sq m), followed by Poland (0.7
million sq m). Germany, Turkey and Spain remained highly active, although completion levels in
Spain have moderated from the previous year.
Central Europe also remained a development hotspot in 2007 with southern Europe not far
behind. As expected, Western Europe was relatively muted, although new development is taking
place with the emphasis on redevelopment and......

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Title: Russia Leads Europe's Shopping Centre Boom
Approximate Word Count: 412
Approximate Pages: 2 (250 words per double-spaced page)

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