While in 2007 Romania had a market share of just 9% in terms of malls in six countries in the region (Poland, the Czech Republic, Hungary, Slovakia, Bulgaria and Romania), in 2010 the share widened to 16% out of a 12 million-square meter stock. Its share should climb to 18% by 2013, according to the report.
Market share doubling during the 2007-2013 period is possible through the development of new malls with a lettable area of 1.3 million square meters, matching the development of 2007-2010 period, while the overall stock in the region should increase by 6 million square meters to 18 million square meters.
Romania will therefore outrun Czech Republic considering the total area of shopping centers, the report says.
Poland will still be the largest market in the region, with around 45% of the region’s malls.
(English version by Catalina Apostoiu; Editing by Loredana Fratila-Cristescu)