Bulgaria and Romania head the list of European countries with the highest percentage of shopping centre space coming on the market, with both countries recording increases of more than 150%, according to a new report by international property advisor Cushman & Wakefield. Romania has 470,000 m[sup]2[/sup] of new schemes due to open before the end of 2007 and Bulgaria has 98,000 m[sup]2[/sup].
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
