In Q3 2020, 25,000 sq m was delivered to the Polish market. The construction works are still underway for 305,000 sq m. GLA is still under construction, of which approx. 100,000 sq m is to be delivered in Q4. Thus, the year 2020 will see the supply of 250,000 sq m. GLA is about 10% less than last year, the advisory firm Colliers International reports.
In Poland we already have 532 shopping centres with a total area of 12.2 million square metres. GLA. At the end of Q3 2020 the saturation level was 316 sq.m/1,000 people.
Convenience on top
The 25,000 sq.m of new supply in Q3 2012 comprised the construction and extension of small shopping centres and convenience stores, which are currently the fastest growing market segment. The largest new investment delivered in this period was the retail park Vendo Park in Częstochowa.
According to data from the Polish Council of Shopping Centres (PRCH), the number of visits to retail facilities in September remained at a similar level as in August this year, and averaged 81% of last year's total. Small and medium-size retail facilities recorded better results by several percentage points, while large and very large retail properties recorded slightly lower visitor numbers than the September average.
The COVID-19 pandemic has also contributed to a dynamic increase in the popularity of online shopping. According to the latest report of the eCommerce Europe organisation, Poles' spending on online shopping will increase by 31.4% in 2020. (compared to 16% last year) and will exceed EUR 15.3 billion. Interestingly, the largest increase in this type of spending outside of agglomerations is recorded in cities with 100-200 thousand inhabitants.
In Warsaw, the first Primark store was opened in Galeria Młociny. It was also the most spectacular debut on the Polish market in the third quarter of this year.
Several retail and catering chains made their debut in Warsaw with new concepts such as Falconeri (knitted and silk) of the Calzedonia group in Galeria Mokotów or Hotly Recommend Bakery of the Enata Bread group, in a housing estate on Natolin. In the period July-September, LPP Group conducted a dynamic expansion of the Sinsay brand, which opened several new stores, e.g. a 1,600-square-metre salon in Blue City, Warsaw. In turn, several other chains continued the process of closing their stores in connection with the decision to exit the Polish market, such as Camaieu.