Raports

MARKETBEAT POLAND – Retail market Q3 2021

Q3 2021 saw more than 90,000 sq m of retail space built across Poland, mostly in small retail parks and standalone retail warehouses.

Poland’s retail stock expanded by 81,100 sq m net in the past quarter. The new retail space supply comprised 92,500 sq m deliver edthrough ten new projects and one extension. Tesco’s hypermarket in Gorzów Wielkopolski was, however, closed down and acquired by Saller, a retail park As in previous quarters of 2021, new retail warehouses and small retail parks dominated on the Polish market. Key market players included DIY and furniture retailers who continued to expand their store chains. New stores were opened by Agata Meble in Bydgoszcz, Castorama in Żary (in the building vacated by Tesco), Leroy Merlin in Kutno and in Bydgoszcz (also in the former Tesco building).

The largest completion in the shopping centre sector was the 15,000 sq m extension of Focus Mall in Zielona Góra. Small cities with a population below 100,000 continued to dominate on the market of new openings, accounting for over 57% of the new retail supply.

The development pipeline comprises 40 new projects, of which 29 are retail parks.

At the end of the third quarter of 2021, more than 470,000 sq m of retail space was under construction and scheduled for delivery in 2021 2022. The largest projects underway included the redevelopment of Tesco’s hypermarket in Warsaw into a new 30,000 sq m home improvement centre of Leroy Merlin, the 25,000 sq m extension of the Atut Ruczaj shopping centre in Krakow, Galeria Bawełnianka in Bełchatów (23,000 sq m) and Galeria Andrychów (24,000 sq m). Over 60% of the development pipeline will be delivered in smaller cities with a population below 100,000. Looking ahead, we will continue to see convenience shopping cent res and small retail parks being added to the existing retail stock. Small retail arks account for more than half of all schemes und erw ay and scheduled for opening in the fourth quarter of 2021.

Two global brands make debuts.

Poland remains an attractive market for international retailers. The third quarter of 2021 saw two global brands make their debu ts: Rituals Cosmetics, a Dutch cosmetics brand with presence in 33 countries worldwide which opened its first Polish store in Westfield Arkadia, and Colynn, a boutique with Italian and French womenswear Galeria Północna.

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