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13 February 2012

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Slovak banks said missing out on country's recovery

Banks in Slovakia are creating unnecessary obstacles for development companies by asking for the near-impossible - as much as 70% of a new retail centre to be pre-leased, says Laurie Farmer, managing director of development consultancy Spiller Farmer. "This is almost impossible, especially in the current economic circumstances where some retailers are not trading as well as expected," Farmer told the International Council of Shopping Centers retail real estate conference in Bratislava recently.

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