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Shopping malls have a future in Spain

Growth forecasts for the next two years

  • Key4Communications

Spain has a tendency of growth of trade, such as malls and Development report reflects European shopping centers, prepared by Cushman & Wakefield. Currently, they are building four new spaces, which added to the market about 180,000 square meters in the next two years. The largest center is under construction in Spain Park Nevada in Granada, which has also been ranked as the second largest project in Europe.

Thus, Andalusia will feature more than 85,000 square meters of commercial offer, which will open this year. The growth potential of centers in Spain is mainly due to the current low supply, as it is the fifth country with lower density if the surface of shopping centers per person is calculated. "The good sales prospects in the retail sector have also helped to increase square meters in shopping centers," said Cristina Perez de Zabalza, Partner and Director of equipment leasing shopping centers Cushman & Wakefield Spain, which estimated that Barcelona and Madrid sales will grow about 12% by 2020, "which certainly is good news for the sector".

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