Making profits from shopping malls is becoming more difficult

AI Summary

Poland’s retail park construction boom is facing pressure from rising building costs and limited room to raise rents, which may reduce returns on new developments. Karuzela Holding board member Grzegorz Pękalski said rents agreed for new retail parks remain around levels seen a decade ago.

Poland’s retail park construction boom faces pressure from rising building costs and limited scope to increase rents, potentially reducing returns on new projects. Grzegorz Pękalski, a management board member at Karuzela Holding, said rents negotiated for new retail parks remain at levels seen a decade…