ARTICLES LABELLED WITH TAG retail

Property Forum sat down with Piotr Trzciński, Head of Poland and Andrew Allen, Global Head of Research, Product Strategy and Development at Savills Investment Management, to talk about the company’s investment strategy in Europe and Poland in particular. They also talked about Savills IM’s ambition to become net zero by 2040 and the way ESG is shaping future developments in the European commercial real estate sector.

This year’s increase in supply and the value of transactions in the retail sector in Poland have a chance to exceed last year's level, says Walter Herz.

Mitiska REIM has today announced the opening of a new retail park development in the Polish city of Wagrowiec, in joint venture with local partner Karuzela Holding.

Ghelamco Poland has announced the sale of Prochownia Łomianki retail park. The new buyer of the building is the LCP Properties group.

LCP Group has received a building permit for another retail park in Rawa Mazowiecka. This is the second project of this type of there owned by the company.

Investment fund NEPI Rockcastle has taken over the stake held by Carrefour in Ploiești Shopping City for an undisclosed sum. Following the transaction concluded in September, NEPI Rockcastle has become the sole shareholder of the shopping centre. 

Krzysztof Poznański, Managing Director of the Polish Council of Shopping Centres, has talked to Property Forum about the industry's struggle with the effects of the pandemic, the impact of rising energy prices and double-digit inflation.

Will the non-functioning office buildings and shopping centers be taken over by residential buildings? Arguments for and against this measure are listed by Piotr Łopusiński, Associate Director, Investment at Avison Young Poland.

Retail parks and convenience centers emerged as the most resilient retail sector during the COVID-19 pandemic, with customers putting an emphasis on quick and efficient shopping. The development of the Polish retail market continues apace, with the retail park format taking the lead in terms of stock expansion. In H1 2022, developers completed 183,200 sqm of GLA of new retail space, 66% of which was delivered in the form of retail parks and convenience centers dedicated to everyday, quick shopping. However, another 341,700 sqm of GLA is expected to enter the market by the end of 2022, with retail parks accounting for 53% of this total. 2022 could well be another record-breaking year for this segment in terms of space delivered to the market.

Retail parks are growing in smaller Polish towns, mixed-use facilities and new residential estates provide commercial space in large cities, says Walter Herz.