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North-west nears retail saturation point

The north-west of England will become saturated with retail space by 2015 because more than double the required space is being developed, according to research from the British Council of Shopping Centres. The area has 8.4 million sq ft of shopping centre space in the pipeline, excluding retail parks. However, research from market analyst Experian indicates that the north-west region only requires 4.6 million sq ft to satisfy retail spending growth.