The UK shopping centre development pipeline has ground to a halt this year but there is light ahead in 2013, according to Cushman & Wakefield. The projected 2012 total of new UK shopping centre space brought to the market (33,000 m2) represents a decline of nearly 90% relative to 2011 (275,495 m2) and will be the lowest annual figure on record since the early 1960s. However, an upturn in development is forecast for 2013 with nearly 175,000 m[sup]2[/sup] of new UK shopping centre space in the pipeline for next year.
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