PL

Poland Polish retail rebounds

Retail & leisure
Poland’s retail stock expanded by 81,100 sqm over Q3 2021.

A total of over 92,500 sqm was delivered through ten new projects and one extension, according to figures from Cushman & Wakefield.

As in previous quarters of 2021, new retail warehouses and small retail parks dominated the Polish market in the three months up to the end of September. Key market players included DIY and furniture retailers who continued to expand their chains. New stores were opened by Agata Meble in Bydgoszcz, Castorama in Żary (in a building vacated by Tesco), Leroy Merlin in Kutno and in Bydgoszcz (also in a former Tesco building). The largest completion in the shopping centre sector was the 15,000 sqm extension of Focus Mall in Zielona Góra.
Ewa Derlatka-Chilewicz, associate director, consulting and research at Cushman & Wakefield

At the end of the third quarter of 2021, more than 470,000 sqm of retail space was under construction in 40 projects scheduled for delivery over the 2021-2022 period. The largest projects underway include the redevelopment of a Tesco hypermarket in Warsaw into a new 30,000 sqm home Leroy Merlin home improvement centre, the 25,000 sqm extension of the Atut Ruczaj shopping centre in Kraków, the completion of the Galeria Bawełnianka mall in Bełchatów (23,000 sqm) and the construction of the Galeria Andrychów centre (24,000 sqm). Over 60 pct of the development pipeline will be delivered in towns with populations below 100,000. Small retail parks currently account for more than half of all projects under development and scheduled to open in the fourth quarter of 2021. Retail sales continue to rise amid a stable share of e-commerce According to data from Statistics Poland (GUS), in September 2021, inflation-adjusted retail sales were up by 5.1 pct year-on-year compared to a 2.5 pct increase in September 2020. Retail sales, however, fell by 2.4 pct on August 2021. Total retail sales for the first three quarters of 2021 were up by 7.3 pct year-on-year versus a fall of 3.1 pct in 2020. In the third quarter of 2021, shopping centre and retail park footfall averaged 365,000 visitors per month, representing just a 6 pct decrease on 2019. The cumulative footfall for January-September 2021 was down by 23 pct compared to the same period in 2019 and up by 14 pct on 2020. Last year’s footfall volumes for the first three quarters fell more sharply, by 26 pct on average. Turnover data for shopping centres shows that retail sales in August 2021 were up by 7 pct year-on-year, but down by just 3 pct on the same month in 2019. Average turnover for January-August 2021 grew by 3 pct compared to the previous year, but was down by 30 pct on 2019. However, when comparing the turnover for the months when shopping centres were permitted to operate without restrictions, falls averaged only 9 pct.

Before the pandemic, the online retail penetration rate in Poland (the share of total retail sales) stood at around 5-6 pct. Due to successive trading restrictions and a blanket ban lasting many weeks on brick-and-mortar retailing, e-commerce was the only distribution channel available to many retailers. Poland saw its online retail penetration rates reach the all-time highs of 11.9 pct in April 2020, 11.4 pct in November 2020 and 10.8 pct in April 2021. However, as the restrictions on shopping centres were eased, consumers returned to brick-and-mortar stores,
Beata Kokeli, head of retail agency for Poland at Cushman & Wakefield.

Latest news

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schedule 24 May 2022
Opr./edited by NN

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schedule 24 May 2022
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schedule 24 May 2022
Opr./edited by NN

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Office & mixed-use development

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schedule 24 May 2022
Opr./edited by NN

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Retail & leisure

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schedule 24 May 2022
Opr./edited by NN

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Warehouse & industrial

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schedule 23 May 2022
Opr./edited by NN

Lithuanian DIY store chain Kesko Senukai has leased a 12,000 sqm warehouse and in total now occupies 20,000 sqm of warehouse space in the Rumbula Logistics Park in Riga, which is owned by Sirin Development.

Warehouse & industrial

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schedule 23 May 2022
Opr./edited by NN

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Investment & finance

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schedule 23 May 2022
Nathan North
deputy editor

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Warehouse & industrial

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schedule 20 May 2022
Opr./edited by NN

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Construction

POLAND Atlas Ward starts work on Szczecin sheds

schedule 20 May 2022
Opr./edited by NN

Atlas Ward Polska has started work on two logistics parks with a total area of over 70,000 sqm on the eastern outskirts of Szczecin for Panattoni.

Retail & leisure

EUROPE Westfield rebranding for Galeria Mokotów

schedule 20 May 2022
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Infrastructure

Poland Plac Trzech Krzyży to be modernised

schedule 19 May 2022

A tender has been announced to reconstruct pl. Trzech Krzyży in Warsaw.

Events

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schedule 19 May 2022

On 21 May 2022, over 500 runners will take part in the tenth Rondo 1 Run Up in Warsaw.

Office & mixed-use development

Poland Alpha opens in Gdańsk Airport City

schedule 19 May 2022

The Alpha building of the Airport City Gdańsk project has been opened.

Office & mixed-use development

Poland Intraco Prime completed

schedule 19 May 2022

Polski Holding Nieruchomości has been granted an occupancy permit for its Intraco Prime building at ul. Stawki 2B in Warsaw.

Office & mixed-use development

ROMANIA Added Elegance for Equilibrium

schedule 19 May 2022
Opr./edited by NN

Home & deco retailer Elegance Décor has leased around 400 sqm in the first phase of the Equilibrium office complex being developed by Skanska in the Barbu Văcărescu-Floreasca area of Bucharest.

Warehouse & industrial

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schedule 19 May 2022
Opr./edited by NN

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Green projects

POLAND Panattoni ‘Excellent’ for the second time in 2022

schedule 19 May 2022
Opr./edited by NN

A BREEAM ‘Excellent’ certificate has been awarded to DHL Supply Chain’s distribution centre developed by Panattoni in Żerniki near Poznań – the developer’s second such certificate at this level this year and the fourth to be issued in Poland for an industrial facility.

Green projects

POLAND Ghelamco starts work on PV farms

schedule 18 May 2022
Opr./edited by NN

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Warehouse & industrial

POLAND Maersk to move into 7R Łódź East I

schedule 18 May 2022
Opr./edited by NN

Danish logistics giant Maersk has leased 18,500 sqm of warehousing with offices in 7R Park Łódź East I.

Latest in Retail & leisure

schedule 24 May 2022

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schedule 20 May 2022

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schedule 17 May 2022

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schedule 11 May 2022

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schedule 11 May 2022

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schedule 13 April 2022

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schedule 07 April 2022

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schedule 06 April 2022

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schedule 05 April 2022

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schedule 29 March 2022

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schedule 25 March 2022

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schedule 24 March 2022

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schedule 21 March 2022

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schedule 08 March 2022

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schedule 08 March 2022

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schedule 02 March 2022

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schedule 28 February 2022

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schedule 18 February 2022

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schedule 16 February 2022

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schedule 15 February 2022

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