74 N O V E M B E R 2 0 1 4 • W B J O B S E R V E R

Shopping malls

2 ArkadiaGLA (sqm): 111,900GBA (sqm): 159,000Number of shops: 270Annual visitors: 21,000,000Selected tenants (name: space leased - sqm): Carrefour: 18,400; Leroy Merlin: 11,800; Saturn: 5,627; Cinema City: 4,985; Peek & Cloppenburgh: 3,635; Holmes Place: WND; H&M: 2,787; C&A: 2,221

Managing company: Unibail-Rodamcoarkadia.com.pl

RANKED BY GLA

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1 ManufakturaGLA (sqm): 126,000GBA (sqm): 159,000Number of shops: 300Annual visitors: 20,000,000Selected tenants (name: space leased - sqm): Real: WND; Leroy Merlin: WND; Cinema City: WND; Pure: WND; Zara: WND; C&A: WND; Van Graaf: WND; Empik: WND; Almi Decor: WND; RTV Euro AGD: WND; Reserved: WND

Managing company: Apsys Polskamanufaktura.com

The supply of modern shopping centers in Poland has grown at a stable rate since 2007, with developers delivering an average of over half a million square meters of gross leasable area annually. In 2014, the supply of modern retail space in shopping centers exceeded the mark of 10 million square meters of GLA, which shows that Poland has been gaining experience in the construction of shopping centers of various formats. Consequently, the market is developing into a more mature and highly competitive environment with a growing need for new concepts and retailers that make it possible to differentiate pipeline projects from existing centers. Polish commercial real estate still attracts a lot of interest from foreign investors and draws the bulk of investment capital flowing into Central and Eastern Europe, which is the result of a stable economy, a growing GDP, liquidity in the commercial real estate market and available sources of funding for real estate acquisition. As of the end of June, there were more than 426 shopping centers in Poland with GLA of at least

5,000 square meters, most of them traditional shopping centers. In addition, there were 34 retail parks and 10 outlet centers. The average vacancy rate, measuring absorption of retail space in shopping centers in Poland, is low and remains at about 3 percent in the top 15 Polish cities (a review based on 229 shopping centers). With an average of 262 square meters of GLA in shopping centers per 1,000 inhabitants, Poland is ranked in the middle of the EU27 scale, which is headed mainly by countries from Western and Northern Europe with a similar climate but more retail streets. Therefore, there is reasonable potential for further growth, but locations must be chosen carefully as Poles’ purchasing power is not as strong as that of residents of some other countries which are leaders in terms of saturation. The retail sector in Poland is evolving, there has been strong growth in online sales but also a large number of new small-sized retail outlets, discount stores and supermarkets established in regional and smaller cities with populations under 100,000.

OBSERVER TOP 10

75W B J O B S E R V E R • N O V E M B E R 2 0 1 4

GBA = Gross Building Area; GLA = Gross Leasing Area; WND = Would Not Disclose. Research for the list was conducted in October- November 2013. Reported in cooperation with Polish Council of Shopping Malls. Only 10 shopping malls are listed. Full list is available at: booko� ists.pl; prch.org.pl.

Targówek Park Handlowy

GLA (sqm): 90,600GBA (sqm): 100,000Shopping mall area (sqm): 16,600Number of shops: 115Annual visitors: 5,500,000Selected tenants (name: space leased - sqm): Ikea: 23,100; Leroy Merlin: 14,800; Jula: 6,300; TK Maxx: 3,000; Sports Direct: 3,000

Managing company: Inter IKEA Centre Polskatargowek.parkhandlowy.pl

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Silesia City Center

GLA (sqm): 85,508GBA (sqm): 159,974Shopping mall area (sqm): 70,603Number of shops: 310Annual visitors: 15,054,756Selected tenants (name: space leased - sqm): Tesco: 14,905; Saturn: 5,681; Cinema City: 4,903; Van Graaf: 3,905; Smyk: 2,300

Managing company: ECE Projektmanagement silesiacitycenter.com.pl

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3 Port ŁódźGLA (sqm): 103,000GBA (sqm): 118,935Shopping mall area (sqm): 83,688Number of shops: WNDAnnual visitors: WNDSelected tenants (name: space leased - sqm): Ikea: 33,000; Leroy Merlin: 11,176; Saturn: 5,082; Zara: 1,790; C&A: 2,477; H&M: 1,812

Managing company: Inter IKEA Centre Polskaportlodz.pl

Park Handlowy Bielany

GLA (sqm): 80,000GBA (sqm): 91,500Shopping mall area (sqm): WNDNumber of shops: WNDAnnual visitors: WNDSelected tenants (name: space leased - sqm): Ikea: 16,568; Tesco: 16,794; Alma: 2,747; RTV Euro AGD: 1,148; OBI: 13,400; H&M: 1,988

Managing company: Inter IKEA Centre Polskabielany.parkhandlowy.pl

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Park HandlowyMatarnia

GLA (sqm): 77,778GBA (sqm): WNDShopping mall area (sqm): WNDNumber of shops: 59Annual visitors: 4,006,182Selected tenants (name: space leased - sqm): Ikea: WND; TK Maxx: 2,873; OBI: 13,400; C&A: 2,265; MediaMarkt: 4,047; Sport Direct: 2,166

Managing company: Inter IKEA Centre Polskamatarnia.parkhandlowy.pl

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Magnolia Park

GLA (sqm): 77,595GBA (sqm): 120,000Shopping mall area (sqm): 62,254Number of shops: 230Annual visitors: 9,500,000Selected tenants (name: space leased - sqm): Tesco: WND; Helios: WND; Saturn: WND; Peek & Cloppenburg: WND

Managing company: Multi-Mall Management Polandmagnoliapark.pl

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Franowo Park Handlowy

GLA (sqm): 74,580GBA (sqm): WNDShopping mall area (sqm): 15,972Number of shops: 28Annual visitors: WNDSelected tenants (name: space leased - sqm): Ikea: WND; Carrefour: 1,1636; Decathlon: WND; OBI: 1,1526; RTV Euro AGD: 1,263

Managing company: Inter IKEA Centre Polskafranowo.parkhandlowy.pl

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Centrum HandloweJanki

GLA (sqm): 73,000GBA (sqm): 82,000Shopping mall area (sqm): 45,000Number of shops: 100Annual visitors: 6,000,000Selected tenants (name: space leased - sqm): Real: WND; Leroy Merlin: WND; Saturn: WND; Cinema City: WND

Managing company: Apsys Polska chjanki.pl

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O B S E R V E R R A N K I N G