European Outlook 2025
The retail market registered consistent new deliveries in Q4, with new projects with a cumulated GLA of 144,200 sq. m being completed. Therefore, the total 2023 supply amounted to 213,000 sq. m GLA, a record level during the last 7 years. Promenada Craiova, a 80,000 sq m GLA project owned by NEPI Rockcastle and Dedeman, was the largest retail scheme delivered in Q4 2023 and also since 2010.
