Retail parks – current opportunities

Over the last few years, retail parks in Poland were mostly developed in smaller formats, around 5,000 sqm, either adding to the existing retail landscape or introducing modern retail amenities to smaller towns as their first such facilities. Now, there's a noticeable shift towards larger developments, with 32 bigger retail parks (GLA > 5,000 sqm) either being built or expanded, including 6 that exceed 20,000 sqm. The biggest retail park on the construction stage is Sun Park Mysiadło, which will offer 55,000 sqm. These larger schemes make up more than half of the new construction space in this category. Retail parks developed in bigger formats have become alternatives to traditional regional shopping centres by offering tenants lower operating costs and making it feasible for them to grow in markets that were previously out of reach. Their effectiveness and appeal to consumers have prompted operators traditionally focused on conventional malls to venture into retail parks. This tr