Construction of both shopping centre and retail warehouse park floorspace in the UK has declined by 40% from the peaks recorded in 2007 and 2004 respectively. The total amount of shopping centre floorspace under construction in November comes to 735,000 m2, down 40% on the 1.2 million m[sup]2[/sup] peak recorded in March 2008,according to CB Richard Ellis.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
