Poland’s total retail stock tops 15 million sqm IN Q3

Poland’s total retail stock tops 15 million sqm IN Q3

Published at: 2019-11-20 08:14 | Author: CIJEurope.com
Poland’s total retail stock topped 15 million sqm at the end of the third quarter of this year, according to Cushman & Wakefield. The high shopping center density rate in the country’s large cities has shifted developer interest towards the less saturated markets of smaller cities and other retail formats such as mixed-use schemes. By the end of Q3, new retail supply amounted to 45,000 sqm and included two completions: the 25,000 sqm Stara Ujeżdżalnia shopping center in Jarosław and the 5,300 sqm N-Park retail park in Wrocław. The remaining supply included the expansions of existing shopping centers, including Centrum Janki, Galeria Słowiańska in Zgorzelec and Galeria Głowno in the Łódzkie voivodship. In addition, 20,000 sqm was delivered through convenience schemes sized below 5,000 sqm, including Atut Bełchatów, Vendo Parks in Pułtusk and Ostrołęka, and a shopping center in Radom, according to Cushman & Wakefield.

Similar Stories:

Lincoln Property Company secures €91m retail park refinancing with UniCredit
Lincoln Property Company, the U.S. developer and investor, and CEE investor, Fidurock, hav  »
Hard Diskont Lakovic hypermarket opens in Zlatica
A new Hard Diskont Lakovic hypermarket has opened in Zlatica along the main road near Podg  »
Warsaw’s retail and service market turns towards catering industry
The Warsaw retail and service market, which enjoys an increasingly diverse offer, is turni  »
VOX leases 422 sqm at Morski Park Handlowy in Gdańsk
VOX has leased 422 sqm for its furniture showroom at Morski Park Handlowy in Gdańsk. The  »
When it comes to the development of smartphone apps for the retail sector, most of the act   »
Rumors that Tesco is on the way out of Poland are certainly nothing new, but another Briti   »
You’ve been expanding your portfolio as quickly as possible. How are you using the incre   »
In a deal that’s reportedly still being finalized, Jeronimo Martins and Auchan will take   »