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

by   CIJ News iDesk II
2019-11-20   08:14
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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.