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Poland

Left: Magnolia Park in Wrocław, Poland, Right: Marek Noetzel /// Credit: NEPI Rockcastle

NEPI ROCKCASTLE: “A STRONG GERMANY IS ESSENTIAL FOR OUR REGION”

NEPI Rockcastle is on the path to growth: Its portfolio value is over €8 billion, net operating income has risen by 12%, and occupancy rates are close to 100%. In this interview, Marek Noetzel explains how the company has achieved such results despite geopolitical uncertainties, why retail parks are thriving while mega deals are stalling, and how photovoltaic and mixed-use projects are shaping the future of retail in CEE.

Left: BIG Łubna, Right: Eran Levy /// Credit BIG CEE

BIG MOVES IN POLAND: TRANSFORMING RETAIL, ONE PARK AT A TIME

In Central and Eastern Europe, BIG has pursued a dual-track strategy: building a strong footprint in the Balkans via BIG CEE, and entering Poland only three years ago. Within this short period, the Polish arm has grown to a portfolio of 10 operating retail parks, with three more in development, making it one of the fastest-growing players in the country. To understand how BIG managed such rapid expansion in one of Europe’s most competitive retail markets, we spoke with Eran Levy, Chief Operating Executive of BIG Poland.

Credit: Echo Investment

Echo Investment sells Libero Katowice, Poland

The largest single-asset retail transaction of the year in Poland has been finalized, as Echo Investment sells Libero shopping center to Summus Capital, an Estonian-based investment company. The value of the deal amounts to €103 million.

From left to right: BIG Andrychow, BIG FASHION Novi Sad, Big Čačak /// Credit: BIG CEE

THINKING BIG: FROM THE BALKANS TO POLAND

BIG Shopping Centers Ltd. was founded in 1994 and has grown from a local property developer into a global real estate group with operations in Israel, the Balkans, and Central and Eastern Europe. Today, the company is valued at approximately €4.45 billion on the TASE and holds nearly 90% of AFI Properties Ltd., extending its reach to seven countries and more than 1.38 million sqm of leasable space. Its portfolio includes open-air shopping centers, malls, outlets, offices, and even renewable energy, with a consistent focus on creating long-term value through brand strength and operational excellence.

Property Investment Market in Poland

Investment market results in Poland for Q1-Q3 2025 reflect stable market condition, with year-to-date volume aligning closely with the Q1-Q3 2024 results. By the end of September, the Polish investment market reached a total volume of €2.6 billion within 105 transactions, indicating increased liquidity. Polish capital continues to gain momentum, capitalizing on attractive pricing opportunities. In contrast, core capital remains cautious, with only two transactions exceeding the €100 million mark.

credit: Business Post

Are Lease Agreements in Retail Parks still triple-net?

The lease agreements concluded for retail parks increasingly feature solutions that differ from the classic Triple Net Lease agreements, particularly as regards the settlement of operating costs and the division of responsibilities between the parties. The latest trends in this area are reshaping the relationship between the parties, balancing the interests of investors and tenants while responding to increasing market expectations. In this article, we share our observations from the CMS team’s practice and point out the implications of these changes for the retail sector participants.

credit: Avison Young

Retail Parks Everywhere? – Polish Investment Market Report by Avison Young

Poland’s retail parks have grown from outskirts experiments in the 1990s to over 290 large hubs nationwide. Changing consumer habits and investor confidence are turning them into versatile destinations beyond just convenience shopping. Investment market report created by Avison Young allow details insights into major trends through a comprehensive analysis.

Or Ackerman, CEO of G City Europe

Or Ackerman appointed as new CEO of G City Europe

Having worked with the company for 6 years, Or Ackerman will now as CEO of G City Europe. With his experience and esteemed qualifications such as CPA and MBA with specialization in financial management, Ackerman will oversee G City Europe’s next chapter on the Polish Market.

credit: GTC

GTC appoints Agnieszka Ciupak as new Executive Director in Poland

Starting November 2022, Agnieszka Ciupak joined GTC Poland as Executive Director. In her newly-created role, she will be responsible for all operations of the office sector, including leasing, fit-out, asset management, facility management, as well as marketing and company-wide HR.

credit: BIG

BIG Shopping Centers Israel acquires two shopping centers in Poland

It is the first acquisition for BIG in Poland, with an investment of approximately 65 million Euro. Hay Galis, CEO of BIG, notes that these two acquisitions support company’s growth plans to become a dominant player in the Retail Park sector in Poland.

Atrium Promenada refurbishment is well underway

Over 80% of the redevelopment of Atrium Promenada in Warsaw is now pre-leased. Upon completion, the refurbished flagship will house over 150 retail and service units in the latest concepts. The completion of the renovation is scheduled to open in the second quarter of 2023.

Multi has signed leasing contract with tedi in poland

A new TEDi shop opened in Multi‘s Poland-managed shopping centre 3 Stawy in Katowice. The deal with the non-food retailer is another leasing contract with a discounter that Multi has recently signed.