Pace and flexibility

You have extensive market experience across various sectors. From your perspective, how has the market changed in recent years? What events have been the most significant?Magdalena Kowalewska-Kasperowicz, the chief operating officer of LCP Poland, part of M Core: Over the last few years, the retail real estate market has undergone a significant transformation, and one of the key turning points was the pandemic. That’s when we clearly saw a shift in focus from consumers, tenants and investors towards retail parks – formats that had previously remained somewhat in the shadow of large shopping centres. The pandemic highlighted the advantages of these types of assets: simple, open layouts, direct access from car parks without the need to enter enclosed communal areas, and higher sanitary safety. All of this contributed to retail parks being perceived as more crisis-resilient and better aligned with new consumer expectations. Importantly, this trend wasn’t just a short-ter