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A year of spectacular retail openings lie ahead

JLL summarizes Q1 2017 on the retail market in Poland. “By the end of Q1 2017, total retail stock in Poland was 13.4 million sq m. Shopping centres accounted for 9.5 million sq m, while retail parks, warehouses and outlet centres accounted for 9.5 million sq m in total. In the first three months of 2017, the market gained a mere 36,800 sq m but it is only a foretaste of what is yet to come. Provided that the plans of developers are completed as per schedule, the retail market in 2017 is likely to grow by 511,000 sq m of space, including 388,000 sq m in the shopping centre format alone”, says Joanna Tomczyk, Research Analyst, JLL.The projects completed in the first quarter of 2017 included extensions of Auchan Hetmańska in Białystok (+...[…]