Castorama buys land for new project in southern Poland

DIY retailer Castorama has acquired approximately six hectares of land in Nowy Sącz in Małopolskie voivodship with the transaction having been brokered by JLL. The site can house a large-scale retail project. “There are fewer and fewer so-called white spots on Poland’s retail property map,” noted Daniel Puchalski, head of land advisory services at JLL. This is especially visible in large agglomerations which are becoming increasingly saturated so investors are, in a natural way, turning towards smaller markets that offer opportunities for further growth, he added. A leader of the DIY market in Poland, Castorama currently has more than 70 stores in the country.

Pin It