Friday, November 2, 2007

Poland’s Retail Sector Taking Off

From the Wall Street Journal:

“After Russia, Poland, with a population of 38.5 million, has the biggest retail-development pipeline in the region, says Michael Atwell, head of capital markets in Poland at real-estate-advisory firm Cushman & Wakefield Inc. ‘It's a huge market,’ he says. ‘International retailers are very keen to have a presence in Poland. Demand for shopping-center space is very high.’”

From The Moscow Times:

“Following in Russia's slipstream, Poland came second with 1.49 million square meters of new shopping space, while Spain and Turkey followed in third and fourth place, respectively.”

From Property Magazine International:

“With 22 percent of total investment turnover in the region, Poland remains the leading destination for commercial real estate developers in Central and Eastern Europe in 2007, according to the latest, September, edition of the Warsaw City Report, a regular publication by real estate services company Jones Lang LaSalle.“

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