Warsaw, August 30, 2016 – There are 20 shopping centres operating in the Poznań agglomeration’s market, totalling 614,000 sqm GLA. Currently, there is approximately 100,000 sqm of retail space under construction, another 20,000 sqm of extensions and modernisations is at the advanced planning stage with completion date announced for 2018. In the first half of this year vacancy rate, as suspected, again raised to the level of 5.8 per cent – according to Colliers International publication ”Shopping centres in agglomerations Q2 2016 | Poznań”.
The first shopping centre built in the Poznań market was Panorama (1993), which has been significantly modernized in last years. The largest retail scheme in the region is still Poznań City Center totalling 58,000 sqm GLA with over 150 shopping, service and gastronomy units. There is also ongoing modernisation of one of the oldest retail schemes in the Poznań agglomeration – ETC Swarzędz.
„Poznań is waiting for the opening of the largest commercial retail scheme in the region - CH Posnania with an area of nearly 100,000 sqm GLA. The first effects of the increased competition are visible on the market - at the end of June the average vacancy rate increased by 1.8% compared to the same period last year. However, shopping centres with a stable market position and a group of loyal customers still attract tenants, which is confirmed by recently announced lease transactions,” said Katarzyna Michnikowska, Senior Analyst, Research and Consultancy Services, Colliers International.
Among lease transactions in Poznań market announced in the end of last year and in the first half of 2016 there should be mentioned Helios (about 4,500 sqm), fitness club Fabryka Formy (about 2,300 sqm), Zara (about 2,740 sqm), Mango (about 800 sqm) and Intersport (about 870 sqm) in Posnania, H&M (about 1,860 sqm) and Martes Sport (about 550 sqm) in A2, multibrand Sono Indoni (800 sqm) in Stary Browar and New Look (about 570 sqm) in Plaza Poznań.
In Poznań agglomeration’s shopping centres there are about 1,568 units, what means that one shop/service or food point serves on average 525 inhabitants. The most numerous groups of tenants are chains from fashion (26%) services (12%) and health & beauty (9%) sectors. The highest rental rates in the market amounts from EUR 43 to 45 sqm/month for a 100-150 sqm fashion unit.