This site uses web cookies · Read our Policy here
International: (+34) 952 198 657
Open navigation menu

Shopping Mall Construction Boom in Emerging Markets

First name: 


Last name: 


Tel. Number: 

IPIN Disclaimer.

  We never share your data with any third parties.

*Note: IPIN investment opportunities are available subject
to location and certain knowledge / experience criteria.

News by Category


United Kingdom  Malaysia  Mexico  Germany  Turkey  China  BRIC Countries  Retail Sector  France  North America  EMEA  Vietnam  retail space  Neville Moss  retail property research  Shopping Mall Development 

Shopping Mall Construction Boom in Emerging Markets

By - Monday 25 June 2012

Emerging markets are witnessing unprecedented boom in shopping mall development as growing middle class populations' fuel major expansion in emerging market retail according to CBRE.

CBRE monitored shopping centre development, both completions in 2011 and space currently under construction in 180 major cities around the world to identify the best markets. The research found 29.6m2 of space being constructed, which is equal to the existing space of Germany, the UK and France put together. The markets saw 7.8 million m2 of new mall space open in 2011.

Neville Moss, EMEA head of retail research at CBRE, commented: "It is our view that shopping centre development activity is currently at an all-time high, with growing middle class populations, particularly in the BRIC markets, fuelling this demand."

According to the report, China, which has led the way in mall development for the past several years, is expected to remain the most active development market for the next few years due to expansive untapped markets in the country's second and third tier cities. But the report also found significant construction growth in Mexico, Turkey, Malaysia and Vietnam among others.

Moss went on to say: "The maturity of the retail sector in western Europe and North America has resulted in much lower levels of development, but it has also forced retailers from these markets to seek new opportunities in fresh markets in order to grow their businesses. This trend is expected to continue and is helping to underpin the development of high quality, new retail space in emerging markets."

Subscribe to IPIN Live by Email - Get our News & Blog updates delivered directly to your inbox - click here


Visit Our Investment Terms Glossary



*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.

«« Back to IPIN Live

Follow IPIN Global

Latest Content

Recent Comments

Powered by Disqus