Post on 21-Jun-2020
MARKETVIEW
0
2 800
5 600
8 400
11 200
14 000
0
200
400
600
800
1 000
'000
sq m
of G
LA
Supply yearly Under construction Planned Total supply
Intense ending to a calm year. A solid outlook for 2017
Poland Retail, Q4 2016
Q4 2016 CBRE Research © 2016 CBRE sp. z o. o. | 1
282,700 sq m GLA
*Arrows indicate change from previous quarter.
Figure 1. Shopping centre pipeline in Poland
Source: CBRE Research, Q4 2016
11.26 million sq m GLA 293 sq m /1,000 inhabitants 557,800 sq m GLA
•
•
•
Country of
origin
Retailer
name
Retailer
sector
City of
entry
Spain Uterqüe Luxury fashion Warsaw
USA Steve
Madden Shoes Warsaw
Italy Navigare Fashion (men) Warsaw
France Le Creuset
Kitchen dishes,
pots,
equipment
Warsaw
Denmark Lego Store Children &
maternity Warsaw
USA Forever21 Fashion Lodz
Source: CBRE Research, Q4 2016
Figure 2. Selected new brands in Poland in 2016
MARKETVIEW
Q4 2016 CBRE Research 2 © 2016 CBRE sp. z o.o. |
POLAND RETAIL
Source: CBRE Research, Q4 2016
Figure 3. Major projects under construction and at an advanced planning stage to be delivered in 2017-2018
City Project GLA
(sq m) Opening Year Developer
Wroclaw Wroclavia 64,000 2017 Unibail-Rodamco
Warsaw Galeria Polnocna 64,000 2017 GTC
Gdansk Forum Gdansk 62,200 2017 Multi Development Poland
Lublin Ikea Lublin 57,000 2017 IKEA Centres Polska
Katowice Libero 42,000 2017/2018 Echo Investment
Krakow Serenada 42,000 2017 Mayland Real Estate
Tychy Centrum Skalka 36,000 2017 Apollo Rida
Tychy Gemini Park Tychy 36,000 2017 Gemini Holdings
Biala Podlaska Karuzela 32,000 2017 Acteeum
Pruszkow Nowa Stacja Pruszkow 27,000 2017 ECC Real Estate
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Q4 2016 CBRE Research © 2016 CBRE sp. z o.o. | 3
Figure 4. Polish shopping centre prime rents (EUR/sq m/month)
Source: CBRE Research, Q4 2016
Source: CBRE/PRRF H1 2016
Figure 5. Vacancy level in Poland in 2016 (%)
Prime
Warsaw 90 - 120
Silesia 50 - 60
Krakow 50 - 60
Tri-City 40 - 60
Poznan 50 - 80
Wroclaw 38 - 50
Szczecin 38 - 45
Lodz 35 - 55
Lublin 32 - 37
POLAND RETAIL
0%
1%
2%
3%
4%
5%
6%
Warsaw Szczecin Tri-City Wroclaw Silesia Krakow Lodz Poznan
Vacancy H2 2015 Vacancy H1 2016
MARKETVIEW
Disclaimer: Information contained herein, including projections, has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to confirm independently its accuracy and completeness. This information is presented exclusively for use by CBRE clients and professionals and all rights to the material are reserved and cannot be reproduced without prior written permission of CBRE.
POLAND RETAIL
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Source: CBRE, Q4 2016.
Figure 6. Warsaw retail and mixed-use projects under construction and planned with a Building Permit with opening scheduled for 2017-2018
Project GLA (sq m) Opening date Developer
Galeria Mlociny 70,000 2018 Master Management Group
Galeria Polnocna (GTC) 64,000 2017 GTC
Nowa Stacja Pruszkow 27,000 2017 ECC Real Estate
Targowek Park Handlowy Phase VII (Agata Meble) 25,000 2017 IKEA Centers Polska
Art Norblin 21,160 2018 Capital Park
Koneser 21,000 2017 BBI Development
Manhattan Pruszkow 13,000 2017 Rekord
Galeria Rondo Wiatraczna (Uniwersam) 11,000 2018 Dantex