Trends and changes on the Polish retail market

Interview
There is no chance of a slowdown on the retail market, as we learned during an interview with Renata Kusznierska, a partner and head of the retail agency at Cushman & Wakefield in Poland. But the market will undoubtedly change. And the changes are already visible. We asked her, therefore, what shape the market will take in the near future.
Anna Pakulniewicz ‘Eurobuild Central & Eastern Europe’: What are the current trends on the Polish market that are set to dominate in the near future? Renata Kusznierska, partner and head of retail agency, Cushman & Wakefield Poland: The key trend is the growing focus on the quality of existing retail properties. Around 47 pct of shopping centre space is already over ten years old. We are witnessing a large number of re-commercialisation projects and lease extensions for several million square metres. There are, of course, completely new schemes coming onto the market, but at a much slower pace than a few years back. New openings are cannibalising the existing market and snatching customers from other weaker retail schemes, but there are still some catchment areas lacking a shopping centre of their own. Any particular examples? Warsaw’s Białołęka district is a perfect example of underdeveloped area in terms of retail schemes. However, GTC is completing Ga
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