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Polish retail now mid-table

Opr./edited AC 11 October 2018
POLAND According to the Retail Research Forum report recently published by the Polish Council of Shopping Centres, the level of retail space in Poland had increased to 311 sqm per 1,000 inhabitants at the end of H1, placing it in the mid-ranking of European countries in terms of saturation.
The report estimates that the saturation level will reach 326 sqm per 1,000 residents by the end of 2018.

A total of 13 new shopping centres opened in Poland in H1 2018, including two large malls: Forum in Gdańsk and Gemini Park Tychy, which both have more than 40,000 sqm of leasable space. A leasable area of more than 400,000 sqm was under construction at the same time. Almost 20 pct of the current supply involves the extension of existing projects, primarily traditional shopping centres. However, new centres, such as Galeria Młociny in Warsaw and Libero in Katowice, are also under construction.

In the first six months of this year, more than EUR 3.3 bln was invested in commercial development across the country, EUR 1.9 bln of which was invested in shopping centres, mainly the result of one very large transaction: the acquisition of M1’s retail property portfolio by Chariot (owned by Pimco, Oaktree and Redefine Properties) for EUR 1 bln.

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