The growing popularity of furniture parks across Central and Eastern Europe has been amply demonstrated by a new scheme in Warsaw, Poland which is already 95% let just weeks after opening.
King Sturge, sole letting agent for the scheme's developer, the Metropol Group, is in negotiations for the remaining stores. In the last few weeks alone, deals have been struck with Polish furniture and homeware retailers VOX Meble (365 m²) and MM Collecion, Ovo Meble and Ami Meble, who have each taken 220-m² units.
The majority of the other retailers at the scheme are Polish with a couple of exceptions such as Danish brand Jsyk, highlighting the strength of indigenous demand for modern, well-proportioned retail outlets. The furniture park also features a Bomi supermarket, restaurant and travel agent and 420 parking spaces. It lies adjacent to an 8,000-m² Brico Depot and Metropol Park Jagielloñska, the large warehouse and office complex managed by Jagielloñska Ceantrum Logistyczne, a subsidiary of the Metropol Group.
Located at Jagielloñska 82 Street, close to the Vistula river, the furniture park is just 10 minutes north of central Warsaw and is well served by bus, tram and train station.
The Metropol scheme has proven very popular with retailers in the interior décor and furnishings sector despite the fact that it is only a short distance from the Domoteka furniture park at Targowek, which also includes an IKEA, Decathlon Electro World and Leroy Merlin.
Mark Barnes, King Sturge Head of Retail for the CEE/SEE region, confirms that the scheme has let extremely well and shows that retail patterns are continuing to evolve in Poland. "Rival retailers are happy to locate in clusters, enabling shoppers to visit one location for a particular product and allowing retailers to compete on price and quality," he says.
Source: King Sturge