POLAND Retail parks on the march
Retail & leisureschedule 11 September 2020
Joanna Tomczyk, a senior analyst at JLL Poland
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Retail parks have been the biggest beneficiaries of the structural changes to the Polish retail market over the last decade and will continue to take a larger share of the market during and beyond the pandemic, according to research by consultancy JLL and retail park developer Trei Real Estate Poland.
Over the last ten years the number of retail parks has doubled, increasing their share in total retail stock by 4 pp. In H1 2020, developers completed almost 148,000 sqm of modern retail space in large scale projects (greater than 5,000 sqm gla). Of this new supply, 67 pct came in the form of eight new retail parks and three extensions of existing centres. Almost 450,000 sqm gla is still under construction scheduled for completion in 2020 and 2021, with retail parks making up almost 26 pct of t
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