The first in Poland professional report on retail parks sector in the country. This market analysis was released by Trei Real Estate Poland in cooperation with CBRE.

1. August 2019 MarketView
CBRE Research
RETAIL PARKS
IN POLAND

2. CBRE RESEARCH© CBRE Poland 2019 AUGUST 2019 MARKET VIEW
SUPPLY AND RETAIL FORMATS
R E T A I L M A R K E T I N P O L A N D
Figure 2. Stock allocation in Poland (%)
Source: CBRE, August 2019
Figure 1. Retail space pipeline in Poland (2004-2019)
Source: CBRE, August 2019
0
3
6
9
12
15
0
200
400
600
800
1 000
[MSQM]
[THSSQM]
Yearly supply Under construction
Total supply
0% 20% 40% 60% 80% 100%
2004
2006
2008
2010
2012
2014
2016
2018
Agglomerations Large cities Medium cities Small cities

3. CBRE RESEARCH© CBRE Poland 2019 AUGUST 2019 MARKET VIEW
RETAIL DENSITY
DEMAND
CONCLUSIONS AND TRENDS
R E T A I L M A R K E T I N P O L A N D
Figure 3. Retail space density in the agglomerations
(sq m of GLA per 1,000 people)
Source: CBRE, August 2019
0
100
200
300
400
500
600
700
Szczecin Krakow Silesia Lodz Warsaw Tri City Wroclaw Poznan
Density - existing Density - UC
Density - planned Average density

4. CBRE RESEARCH© CBRE Poland 2019 AUGUST 2019 MARKET VIEW
CHARACTERISTICS AND MAJOR FUNCTIONS
OF RETAIL PARKS
SUPPLY
R E T A I L P A R K S I N P O L A N D
Figure 4. Retail parks stock distribution in Poland (%)
Source: CBRE, August 2019
13%
40%
47%
Convenience schemes
Typical retail parks
Big-boxes

5. CBRE RESEARCH© CBRE Poland 2019 AUGUST 2019 MARKET VIEW
R E T A I L P A R K S I N P O L A N D
Figure 5. Retail parks pipeline in Poland within sector
of 3,000-10,000 sq m GLA schemes (2004-2019)
Source: CBRE, August 2019
0
200
400
600
800
1 000
0
50
100
150
200
[THSSQM]
[THSSQM]
Yearly supply Under construction
Planned Total supply

6. CBRE RESEARCH© CBRE Poland 2019 AUGUST 2019 MARKET VIEW
R E T A I L P A R K S I N P O L A N D
Figure 6. Selected 2018-2019 deliveries
Source: CBRE, August 2019
CITY PROJECT NAME NEW/ PHASE GLA SQ M YEAR QUARTER DEVELOPER
Piaseczno N-Park Piaseczno new 8,000 2018 Q4 Napollo
Olawa Saller Olawa new 7,500 2018 Q2 Saller
Dabrowa Gornicza Vendo Park Dabrowa Gornicza new 7,000 2018 Q2 Trei Real Estate
Krakow Atut Krakow Ruczaj new 6,800 2019 Q1 KG Group
Sokolka CH Sokolka new 5,900 2019 Q2 Redmill
Lowicz Premium Park Lowicz new 5,600 2018 Q4 Developer Pro
Babice Nowe Park Handlowy Babice Nowe new 5,500 2018 Q4 RWS Group
Brzeg Saller Brzeg phase 5,500 2018 Q4 Saller
Chodziez Vendo Park Chodziez new 4,200 2018 Q3 Trei Real Estate
Pultusk Vendo Park Pultusk new 4,100 2019 Q3 Trei Real Estate
Bytow Vendo Park Bytow new 2,900 2019 Q1 Trei Real Estate
Lodz Vendo Park Lodz Gorna new 2,900 2018 Q4 Trei Real Estate
Figure 7. Selected projects under construction
CITY PROJECT NAME NEW/ PHASE GLA SQ M YEAR QUARTER DEVELOPER
Glogow Multibox Glogow new 8,700 2019 Q4 Budrem
Jawor Vendo Park Jawor new 6,800 2020 Q1 Trei Real Estate
Babice Nowe Park Handlowy Babice Nowe phase 6,500 2019 Q4 RWS Group
Chojnice Saller Chojnice new 6,500 2020 Q2 Saller
Chelmno TUF Park Chelmno new 6,000 2019 Q4 TUF Real Estate Polska
Lask Vendo Park Lask new 4,400 2019 Q4 Trei Real Estate
Kobylka Vendo Park Kobylka new 3,300 2019 Q4 Trei Real Estate
Ostroleka Vendo Park Ostroleka new 3,200 2019 Q3 Trei Real Estate
Source: CBRE, August 2019

7. CBRE RESEARCH© CBRE Poland 2019 AUGUST 2019 MARKET VIEW
TENANTS
•
•
•
•
•
•
•
•
•
•
R E T A I L P A R K S I N P O L A N D

8. CBRE RESEARCH© CBRE Poland 2019 AUGUST 2019 MARKET VIEW
RENTS AND MARKET PRACTICE
YIELDS
R E T A I L P A R K S I N P O L A N D

9. CBRE RESEARCH© CBRE Poland 2019 AUGUST 2019 MARKET VIEW
KEY MARKET PLAYERS
R E T A I L P A R K S I N P O L A N D
COMPANY RETAIL PARK BRAND DEVELOPER INVESTOR LEASING PROPERTY MANAGEMENT
Adept Investment n/a YES YES YES YES
BIK n/a YES YES YES YES
BUDREM Multibox YES YES
Capital Park Vis a Vis YES YES
Dekada Dekada YES YES YES YES
Developer Pro Premium Park YES YES YES YES
DL Invest DL Shopping Center YES YES YES YES
Immofinanz Stop.Shop YES YES YES
JB Development Karuzela YES YES YES YES
KG Group Atut YES YES YES
Metropolitan Investment Metro Park YES YES YES YES
Mitiska n/a YES YES
Multishop Development Multishop YES YES YES
Napollo N-Park YES YES YES YES
P.A. Nova n/a YES YES YES YES
Rank Progress n/a YES YES YES YES
RWS Group n/a YES YES YES YES
Saller Saller YES YES YES YES
Trei Real Estate Vendo Park YES YES YES YES
Figure 8. Key developers on the retail park market
Source: CBRE, August 2019

10. CBRE RESEARCH© CBRE Poland 2019 AUGUST 2019 MARKET VIEW
RETAIL PARKS’ COMPETITIVE ADVANTAGES
AND FUTURE POTENTIAL
R E T A I L P A R K S I N P O L A N D

11. CBRE RESEARCH© CBRE Poland 2019 AUGUST 2019 MARKET VIEW
R E T A I L P A R K S I N P O L A N D
Figure 8. Retail parks vs shopping centres - comparison
•
•
•
•
•
•
•
•
•
•
•
•

12. CBRE RESEARCH© CBRE Poland 2019 AUGUST 2019 MARKET VIEW
RESEARCH AND CONSULTANCY
RESEARCH AND CONSULTANCY
CBRE SERVICES FOR THE RETAIL SECTOR
INVESTMENT PROPERTIES
VALUATION ADVISORY
ASSET SERVICES
CEE RETAIL
C O N T A C T
TREI REAL ESTATE POLAND SP. Z O.O.