Advisory firm JLL presents its preliminary summary of 2016 on Poland's retail market
Anna Wysocka, Head of Retail Agency, JLL Poland, comments: “2016 was definitely characterized by high activity on the retail market among both developers and tenants. Over 336,000 sq m of space was delivered in terms of shopping centres alone. What is also important is the fact that the we saw some notable market debuts, such as Forever 21, & Other Stories or Uterque. Recently, Hamleys – the British toy store – announced its willingness to enter the Polish market as well. The brand will make its debut in 2017 in Galeria Północna. This confirms the potential of the Polish market as well as its attractiveness for international brands. Furthermore, this also increases the quality of offer from shopping centers. The retail market in Poland remains in good shape and continues to be looked upon favourably by investors, developers and tenants”.
A wide range of brands launched their shops in Warsaw's Galeria Mokotów (Skechers, Lego Store, Uterque, & Other Stories, Le Creuset, Dior cosmetics). Furthermore, three new brands appeared in Manufaktura in Łódź (Forever 21, U.S. Polo Assn. and Steve Madden), while single agreements were concluded in objects in Warsaw such as Arkadia (Converse), Plac Unii City Shopping (Navigare), Hala Koszyki (L'Erbolario) and also at Piękna 28/34 Street (Elena Miro). In addition, new shops were launched in Stary Browar (Al Rifai) and Plaza (Tezenis) in Poznań, Silesia City Center (Max&Co) in Katowice and Galeria HIT in Nowy Dwór Mazowiecki (Maxi Bazar). At the same time, brands such as American Eagle, Mothercare, Celio, Brice, Burberry, Devred 1902, Dairy Queen, Kari withdrew from Poland. Marks&Spencer also decided to exit from the Polish market.
In total, 463,000 of GLA retail space was delivered to market in Poland in 2016 with shopping centres accounting for 336,000 sq m. Retail parks accounted for 28,000, stand-alone warehouses – 94,000 sq m, while outlet centres accounted for 5,300 sq m. The biggest retail projects delivered to market in 2016 included Posnania in Poznań (99,000 sq m), Metropolia in Gdańsk (34,300 sq m), Galeria Navigator in Mielec (25,400 sq m), Galeria Wołomin in Wołomin (25,000 sq m) and Galeria Glogovia in Głogów (21,000 sq m).
Currently, there are several large investments under development, including Galeria Północna (64,000 sq m) in Warsaw, Wroclavia (64,000 sq m) in the capital city of Dolnośląskie region, Forum Gdańsk (62,000 sq m) in Tri-City, Galeria Libero (42,000 sq m) in Katowice and Serenada (41,300 sq m) in Kraków. According to analyses by JLL, nearly 400,000 sq m of modern shopping centre space is likely to be delivered to market in 2017. The Polish market continues to attract new tenants and the retail stock in our country will continue to grow.
