The volume of completed areas in shopping centers has increased this year

Prague - In the first half of 2009, 94,000 square meters of retail space were completed in the Czech Republic across five shopping centers. This is an increase of 7,000 square meters compared to the previous year. This was announced today in a press release by the international consulting company CB Richard Ellis.
    If the predictions of experts from the consulting firm are accurate, the results from the past six months of this year will not be as optimistic. While 242,000 square meters of shopping centers were built in the Czech Republic in the second half of 2008, plans for the second half of this year only foresee the completion of 80,000 square meters.
    In total, there are now 2.52 million square meters of shopping complex space in the Czech Republic. Of this, 1.9 million is located in traditional shopping centers, and 600,000 square meters are in retail parks. This translates to 240 square meters of shopping center space per 1,000 inhabitants. According to experts from CB Richard Ellis, this corresponds to the level in Western Europe, where there is 200 to 250 square meters per 1,000 people.
    
Shopping centers expected to be completed in the second half of 2009:

Name	Size (m²)	Builder
Forum Ústí nad Labem	26,400	Multi Development
Olympia Brno (expansion)	25,000	Somerston Group
Area Bory Plzeň (Phase 2)	15,000	InterCora
Atrium Hradec Králové	7,300	Amadeus Real
Kladno Retail Park	6,000	JS Immo