Poland Investment returns to retail

In the first quarter of 2025, Poland’s retail leasing market stabilised and the retail sector saw a notable rebound in investment transactions, with the best first-quarter performance in three years according to Cushman & Wakefield's Marketbeat report. Growing investor appetite is leading to a gradual improvement in financing availability, signalling a further increase in investment market activity.

While 2024 was a year of big-ticket shopping centre transactions, early 2025 was dominated by retail park investment deals and sales of smaller shopping malls. Retail park acquisitions were finalised in the first quarter by LCP, Terg, and Redkom Development. Additionally, six local shopping centres changed hands – these included three Plaza Centres in Upper Silesia, acquired by Ukrainian-based Focus Estate Fund, Pasaż Świętokrzyski in Kielce, Galeria Świdnicka in Świdnica, and Galeria Młyńska in Racibórz.
Aleksandra Włodarczyk capital markets associate at Cushman & Wakefield