When last year Rank Progress lauched details of Polyfunctional Center, a new mix-use complex near “Spodek” many was impressed. Everybody realized that the three towers design prepared by Q2 Studio might create a new symbol of Katowice. Dariusz Wyborski, PR Manager at Rank Progress said to katowicethecity.com what is currently happening with this project.
The Polish retail market has experienced a difficult start to the year with retail sales in the first quarter down by 0.9% on the same period in 2008. It was the first decline recorded since 2005.
Instead of above, Katowice’s high streets retail rents are one of the highest in Poland and the decline is fewest in comparison with rest of the country. Moreover, the rents growth in Katowice is the most of all Polish big cities, both in 5 years and 1 year percentage compound.
Among all Polish cities and its top retail locations, 3 Maja Street in Katowice reached 38,3% annual rental growth rate, which is the best result for the country. The rate is growing up steadly since the last year when it was recorded of 34,3% and the street was at list of top 10 localisations with the strongest rental growth in Europe. 3 Maja St. is also the 4th most expensive street in Poland – rent per annum is 780 €/sq.m.