Real Estate Market Report 2010 Poland - Ober Haus

Real Estate Market Reports 2010 - Gdańsk-Gdynia-Sopotwww.ober-haus.comIn certain locations rents dropped below PLN 35 (EUR 8.75) persqm.Ober-Haus sees rents firming in 2010, as demand starts toincrease again.RetailMore Space, Rents EaseSupplyIn 2009, 65,000 sqm of new retail space was completed. Thetotal retail space in Tricity (Gdańsk - Gdynia - Sopot) shoppingmalls is 641,000 sqm.Port Rumia Centrum Handlowe Auchan - in Rumia, atGrunwaldzka Street. Its commercial area is 11,000 sqm.Completely rented out by tenants such as Auchan, Leroy Merlin,and C&A.Centrum Handlowe Klif - in Gdynia Orłów, which afterextension in 2009 offers 30,000 sqm of retail space, over160 shops. The main tenants are MaxMara, United Colorsof Benetton, H & M, Mothercare, Mark&Spencer, Deni Cler,Marlboro Classics, Salamander, Hexeline, Simple and EmanuelBerg.Galeria Przymorze - shopping centre located in districtPrzymorze, with 23,000 sqm of retail space and 100 shops, atthe junction of Chłopska and Obrońców Wybrzeża Streets.Opened in 2009.New ProjectsTo lease space in these or other properties, call Ober-Haus on+48 58 520 40 99.Centrum Handlowe Wzgórze - new owner, Mayland RealEstate is going to extend the centre. Planned extension was toamount to 150,000 sqm but the building will be smaller than inoriginal plans. Planned completion 2011.• Galeria Bałtycka Retail Centre, ECE Projekt managementPolska Sp. z o.o.Main Shopping MallsTo lease space in these or other properties, call Ober-Haus on+48 58 520 40 99.Galeria Bałtycka - located in Gdańsk Wrzeszcz, totals 123,000sqm, of which 45,000 sqm is retail space. The main tenants areSaturn, Carrefour, Peek & Clopenburg.Park Handlowy Matarnia - located in Gdańsk Matarnia atZłota Karczma Street, with a total area of 68,000 sqm. The maintenants are OBI, Electro World, C&A, BOMI, EMPIK.Centrum Handlowe Oliwa - located in Gdańsk Oliwa, thetotal area of this shopping mall is 27,500 sqm, of which thecommercial area takes up 16,500 sqm. The main tenants areLeroy Merlin, Awans and BOMI.Gdańsk Retail Park Kowale - in 2010 will offer 52,000 sqm oftop-class commercial space in Szadółki, Gdańsk. Constructionworks are currently under way. The investor is Liebrecht & Wood.DemandIn 2009 there was visibly less interest in retail space on themarket, with vacancy rising to 6%.RentsIn 2009 rents dropped 15%. Rents for units of 100 sqm were PLN100 - 200 (EUR 25 - 50) per sqm. Larger spaces rented for PLN70 - 120 (EUR 17 - 30) per sqm.Similar prices were charged for commercial areas located bymain streets, where renting 100 - 150 sqm cost PLN 100 - 200(EUR 25 - 50) per sqm.20