Building by the Baltic

We take a glance at a few shopping centre projects currently under development in our neighbour to the north-east When Poland finally became a member of the EU in on May 1st 2004, the floodgates were opened for investment in the country’s real estate sectors, with each successive year seeing record sums invested in projects throughout the land. This has been especially true in retail, as companies perceived this to be a particularly good investment, considering the lack of modern shopping centres and the demand from an increasingly affluent population. Whilst market analysts now believe that Poland’s larger cities have become saturated with modern retail space, the same cannot yet be said of Lithuania, one of the countries that acceded to the EU on the same day. According to a recent report from Colliers International in Vilnius, the Lithuanian retail market is “not yet overfilled... in spite of the realization of many new projects.” One of the reasons for this