France ousted Russia from the first place on the retail market in Europe

Moscow. December 4. France regained the lead on the retail property market in Europe in the first half of 2015, shifting Russia from the first position to a third, according to a study by Cushman & Wakefield.

By the end of June the total volume of supply in Russia amounted to 16.3 million sq m, while in France a similar rate reached 17.7 million sq. m. the UK is the second largest market with a total volume of suggestions, is $ 17.1 million sq. m.

According to experts, France is the leader by volume of retail real estate in Europe over the past 43 years, and gave Russia the palm only to the previous six months.

According to senior Director and Deputy head of research at Cushman & Wakefield Tatiana Diviney, the decline of Russia in the rating on two lines due to a revision of criteria for retail space, resulting in a number of properties were excluded from the study because they did not meet the modern requirements of the market.

According to the company, as of July 1, 2015 total supply in the market of trading real estate of Europe was 152,6 million sq. m., and until the end of 2016 is expected to increase by 9.7 million sqm In the first half was commissioned in 1.4 million square feet of new retail space.

Investment in commercial property in Europe in the first half soared by 71% compared with the same period of 2014, amounting to 17.8 bn euros.