•In H2 2016 13 new shopping centres with total leasable area of 596,000 sq m were delivered in regional cities (Moscow and St. Petersburg excluded).

•The total amount of new shopping space delivered in 2016 in Russian regions amounted to 862,000 sq m which is 28% lower than in 2015.

•The biggest shopping centre launched in 2016 was Gudok in Samara (115,000 sq m GLA). Technical opening of the shopping centre was marked with the launch of the city’s second “Lenta” hypermarket. Opening of the fashion gallery is expected in 2017.

•3 shopping centres with leasable area of 92,000 sq m initially announced for delivery in 2016, were postponed to Q1 2017.

•In 2017 a further decline in delivery volume is expected. The current delivery forecast for 2017 is 542,000 sq m – a 37% drop compared to 2016. However megacities account for only 4 new projects of 2017, while the rest will be delivered in cities with lower saturation, as developers are seeking new locations for shopping centre development.