Colliers: 135,000 sqm of planned retail schemes in Warsaw

Although no new retail schemes have been delivered to the Warsaw market in Q2 2016, up to 135,000 sqm is in the pipeline, a report by Colliers showed. Most of projects planned to be delivered this year are outside of Warsaw's administrative borders, such as Galeria Wołomin in Wołomin, Galeria Grodova in Grodzisk Mazowiecki and Gondola in Legionowo, the report said. "Taking into consideration objects at an advanced planning phase, we can estimate that in years 2016-2018 several shopping centers with total area of approximately 250,000 sqm GLA [in Warsaw and its surroundings] will appear in the market. In Warsaw, the biggest projects are Galeria Północna and Galeria Młociny,” the report explained. The Warsaw Agglomeration has 1.46 million sqm of GLA area spread over 46 shopping centers, with density of 566 sqm/1,000 inhabitants, what makes it the biggest and most diversified retail market in Poland.