Shopping mall owners investing in extensions – JLL

A fourth of the more than 400 shopping centers in Poland have already been extended, a trend that results from the increasing maturity of the retail property market in the country and the growing expectations of buyers, according to a recent analysis by JLL. On average, the malls have grown by more than 8,000 sqm, the study said. Major shopping centers currently undergoing an extension process include Atrium Promenada, Atrium Targówek and Atrium Reduta in Warsaw, Galeria Solaris in Opole, Platan Zabrze in Zabrze and Centrum Janki in Janki near the Polish capital.

“Some shopping centers go in favor of an extension, some focus on introducing new brands and others on increasing the space for their current tenants. There are some that decide to expand their restaurant and entertainment range, thus establishing themselves as locations for meetings and leisure time activities – one in every four centers already serves as a shopping and entertainment destination. Each of these strategies is good provided that it is based on a careful analysis of the needs of the center’s target group,” said Edyta Potera, national director, retail agency, at JLL.

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