The coming pipeline will deliver quality as well as quantity, says Neville Moss, who heads JLL's European retail research team. "New schemes are emerging all the time," he states, "even in mature markets. Developers are scrambling for differentiation through imaginative design and architecture, innovative environmental features and tenant mix."
This is particularly true in France and the UK, he says, where many new projects, are central to wider town center regeneration initiatives. But, while Italy might lead the pack in the number of projects on the horizon, it is the only Western European country bucking the wider town-center trend, says Moss. "Only Italy has a number of out-of-town projects planned," he states, "because of a lack of town-center development opportunities."
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
