Szczecin gravitates toward Galaxy – EuropaProperty

The expansion of Galaxy shopping center in Szczecin that started in June is gaining momentum. At the moment, the rental at the new part is at 70 percent, and by the end of the year new leases will be signed. The total area of the center after the expansion will amount to almost 57,500 sqm GLA.

The opening of the new part is to take place in the fourth quarter of 2017. Thanks to the expansion, Galaxy is slated to become one of the biggest retail properties in the city and the whole region as well as one of the largest and the most modern shopping centres in Poland. So far, lease agreements have been signed with such well-known brands as: Reserved 2,614 sqm, CCC 2,266 sqm, Fabryka Formy 1,576 sqm, Go Sport 1,150 sqm, Smyk 752 sqm, Deichmann 675 sqm, Rossmann 563 sqm and House 480 sqm. At the moment, the attendance at Galaxy has reached 10.7 million customers per year making it an unquestionable leader and leaving behind Szczecin’s other shopping centres.

“This year Galaxy turned 13 years old. Our object is one of the most popular in the city. Szczecin dwellers appreciate our offer which translates into so called footfall indicator and our tenants’ revenue. However, customers’ expectations regarding shopping centres continue to rise. They are looking not only for a shopping place with a wide variety of goods, but also for a place where they could spend their free time, entertain and relax. This is why we decided to expand. We want to meet these needs and to strengthen our position as the commercial leader both among the citizens and potential tenants. I’m glad to see well-known, popular brands joining us. People of Szczecin are waiting for them,” said Michał Świerczyński, Board Member from Echo Polska Properties, an owner of the center.