Retail developers and investors active in Poland face big challenges and opportunities in the coming years as the first generation of shopping centres is ageing fast.
Retail developers and investors active in Poland face big challenges and opportunities in the coming years as the first generation of shopping centres is ageing fast.
The rate of maturity is picking up speed, according to Marta Machus-Burek, director of retail advisory services at Colliers International in Warsaw.
'About 6% of shopping centre stock was 15 years or older in 2013. By end-2016 this will climb to 30%,' Machus-Burek said during the keynote presentation to PropertyEU's CEE Retail briefing at the ReDI trade fair in the Polish capital recently.
´This is a radical change and looks even more dramatic when we look at the numbers of shopping centres involved. In 2013 it was 26 shopping centres and within two years this will climb to 147. That is a challenge to owners who are looking to maintain market position at a time of increasing competition.´
The briefing also heard that developers have to help shopping centres stand out from competing schemes by innovative redevelopment and refurbishment.
CLICK HERE to watch the full presentation.
