Another giant leap forward

Poland is second only to Russia as a construction site for shopping centres in CeE countries. Developers are turning their attention to medium-sizeD cities, where modern MALLS are still ABSENT A record will be set this year on the Polish retail market, when 1.3 mln sqm of modern space will open up for customers. But before we put the champagne on ice, it is worth taking a look at the past 12 months, which was also regarded as one of the most successful periods so far. Developers held opening ceremonies for 45 new shopping centres, with a total space of app. 852,000 sqm, according to data supplied by DTZ – more than in 2006. The first customers were able to shop in the long awaited shopping centre in the very heart of Warsaw city – Złote Tarasy with 63,500 sqm of leasable space. It is the flagship investment in Poland of ING Real Estate Development, and its history goes back almost 10 years. Market experts are agreed that the event should be treated as the most significant