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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

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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

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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