The Polish retail market has drawn a mix of listed retail specialists as well as more opportunistic investors headed by private equity giant Blackstone in the past year, research from PropertyEU shows. Prime yields may be hardening at a faster pace than in many other European countries, but Poland is expected to remain a key target in 2012 thanks to a substantial development pipeline of some 670,000 m2 nation-wide.
In total, the retail stock is set to grow by 550,000 m2 in 2011 and a similar level of shopping centre completions is expected in 2012 and 2013, according to figures from Jones Lang LaSalle. In-town locations are a characteristic feature of future projects: 65% of the currently constructed centres are downtown or in the close vicinity of central areas. Silesia and Rzeszow are country leaders in terms of pipeline retail provision. By 2013, 115,000 m2 of new retail space will be delivered to the Silesian market via four projects, mainly in Katowice; a further 104,000 m2 will come to the market in Rzeszów in two large projects and one extension.
The full story appears in the November issue of PropertyEU Magazine. Click on the link to subscribe | 
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