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Moscow Wants 60% More Retail Space by 2016, Kommersant Reports

July 17 (Bloomberg) -- Moscow, Europe’s largest city, plans to boost retail floor space by 60 percent to 1,200 square meters for every 1,000 residents in 2016 by increasing the number of small stores, Kommersant reported, citing Alexei Nemeryuk, head of the city’s department of trade and services.

The city currently averages 744 square meters per 1,000 residents, according to the department’s calculations, the Moscow-based newspaper said.

To contact the reporter on this story: Jake Rudnitsky in Moscow at jrudnitsky@bloomberg.net

To contact the editor responsible for this story: Brad Cook at bcook7@bloomberg.net

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