Anna Korólczyk-Lewandowska, ‘Eurobuild CEE’: What’s Nhood Services Poland’s current assessment of the retail market? Above all, can you give me your opinion on the market for retail space. Is the era of the development of large city malls now over? What should we expect over the coming months and years?
Ada Walentek, the head of market, property and asset services (PAS) Nhood Services Poland: In our view, the market has become more diversified. Large centres such as malls work best in the centres of big cities, but in smaller towns and in suburban areas we are seeing the rise of convenience centres and retail parks. At the moment, large developments, such as shopping centres, are undergoing asset transformations, remodellings and extensions, because with a mature market and limited access to sites, there are now few places where any more large malls can be built. However, you can still find places where large centres are both expected and required – such