Wave of change for SCs

Delegates at the sixth International Council of Shopping Centers (ICSC) Seminar, held recently in Prague, were told that retail development will be focused in the city center with alternative locations, such as stadiums, railway stations and airports, proving more attractive. The seminar's chairman noted that the newest market was an older generation with the money and desire to shop. Regional differences across borders in Europe were highlighted, as CEE has significantly different demands and shopping habits compared to its contemporaries in the more mature markets of Western and Northern Europe.(Real Estate Newsletter)