Only 12 malls and retail parks have real chances of beingfinalised over the next three years, out of a list of 28 projectsstarted or announced in the past year, reveals a ZF analysis basedon the opinions of representatives of seven real estateconsultancies.
ZF polled consultancies CB Richard Ellis, Colliers, Cushman& Wakefield, DTZ Echinox, Jones Lang LaSalle, King Sturge andThe Advisers Knight Frank, to find out from managers of retail andresearch departments what percent of the 28 projects proposed bythe developers in the past year are likely to be completed by 2013.
Despite the optimism displayed by the retail market at thebeginning of this year, consultants say only 12 of these projectshave an over 50% chance of being completed in the next three years,with eight of them being ongoing, according to ZF information.
The project with the highest chances of being carried out(98.1%) is Colosseum retail park in Bucharest, developed in theChitila area, whose opening in the autumn of this year has beenrecently confirmed by the French at Carrefour, the project's maintenant.
Outside Bucharest, the projects most likely to be completed areMaritimo Constanţa (97.7%), Palas Iaşi (88%), Galleria Arad (88%),Electroputere Craiova (86.8%) and Corall Constanţa (84.7%).
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