A considerable amount of new retail development is taking place in Stockholm as a growing number of international brands plan to establish new shops in the Swedish capital.
Commercial real estate adviser CB Richard Ellis**' annual research report "How Active are Retailers in EMEA?" revealed that 17 percent of international retailers plan to expand in Sweden, up from 12 percent last year.
"The interest in Sweden is the biggest in a long time," the company's head of retail tenants, Bengt Axelsson, told The Swedish Wire, adding that it's getting increasingly difficult to find vacant retail space in the city.
Here he lists five hot retail property projects in Stockholm:
Nearly three quarters of international retailers are planning to open more than five stores in the Europe, Middle East and Africa region by the end of 2012, according to the report. Some 20 percent of retailers looking to open 40 stores or more in 2012 compared to 18 percent in 2011.
** CB Richard Ellis, CBRE, is a world leading commercial real estate adviser.
This article was published in collaboration between Stockholm Business Region and The Swedish Wire.
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