Savills Investment Management (Savills IM), an international investment manager, has summarised the results of Galeria Katowicka for H1 2024. This leading retail and entertainment shopping centre in Poland has been very successful, in terms of turnover, footfall and new leases.
In the period between January and June 2024, Galeria Katowicka saw an uptick in performance by 8 percent year-on-year. The best results in turnover compared to last year were achieved by the Entertainment, Food&Beverage and Health&Beauty sectors. February turned out to be the best-performing month with an 18 percent sales increase year-on-year.
Footfall is another key indicator demonstrating the centre’s upward trend. In H1 2024, Galeria Katowicka was visited by 7,6 mln customers, which represents a 2 percent improvement compared to the same period in 2023.
The retail centre being part of the Polish portfolio managed by Savills IM shows outstanding commercialisation rates. In the first six-month period of 2024, 21 leases were signed for a total space of 2,300 sqm. The centre welcomed 5 new tenants – Lindt, The North Face, Gorąco Polecam, Subway and Lego which decided to open its very first flagship store in the Silesia region in Galeria Katowicka. The Lego store of 370 sqm. is scheduled to open in early October.
In addition, 16 current tenants have decided to extend their leases, with 5 of them to expand their space. Lease extensions have been signed by such market players as Pandora, BNP Paribas, Burger King, KFC, Pizza Hut, Starbucks, Tescoma and Inglot.
Ilona Szafer, Head of Asset Management, Retail, Savills IM Poland, commented: “H1 2024 demonstrates that along with the gradual improvement of economic indicators and overall market sentiment, it is evident that the turnover rates and footfall in Galeria Katowicka have entered positive growth territory. The leasing results reveal the outstanding business potential of the centre. Also, the signing of new lease agreements continues to trend upward. In 2023, we signed 31 leases covering a total of 5,700 sqm. of space. We continued our commercialisation efforts in H1 2024, and consequently, we signed 21 new agreements. This makes us a trustworthy partner. What is more, tenants recognise the enormous potential of Galeria Katowicka which offers them the opportunity to reach a wide array of customers. We are happy that the facility for which we act as asset manager on behalf of the owner consistently sets the benchmark for the entire retail market in Poland and is a popular shopping venue amongst both the inhabitants of the entire Silesian region and visitors coming to Katowice.”
Galeria Katowicka, a unique commercial and transportation hub, is located in the very heart of Katowice. The building has a leasable area of 47,609 sqm. and includes more than 200 units, restaurants and retail outlets. Galeria Katowicka also has a 10-screen Multikino cinema including the Xtreme theatre, with a Dolby Atmos sound system and a 4K laser projector that combine to create the most cutting-edge cinema experience in Poland. The shopping centre is directly linked to the railway station and the underground public transportation bus terminal.
Galeria Katowicka opened on 18 September 2013 and is owned by a large institutional investor. Savills IM is responsible for asset management. APSYS Polska is responsible for the property management of Galeria Katowicka, the day-to-day operation of the facility and issues related to the leasing of retail space.
