PARTNER SPOTLIGHT

look like for the EMKA project in the context of the challenges of the entire retail sector?

The next 12 months will be a breakthrough period for the EMKA project and a considerable challenge for the entire retail sector. It is difficult to predict how the market will react to the current uneasiness. But considering the current visitor traffic to the shopping center, we are optimistic. After the opening of the retail park, EMKA will offer even more complementary services which should result in a significant increase in customers, including those who previously visited the shopping mall only occasionally. Taking recent events into consideration, such as inflation, the war in Ukraine, and the rise of interest rates, it is clear that there are many variables that are adversely affecting consumer behavior and the industry as a whole. This is particularly evident in sectors that do not meet basic consumer needs. We should expect buyers to be more prudent in their purchasing decisions and to prioritize those that are most important to them, such as first paying off home loans and everyday shopping, and only then buying luxuries. That’s why the tenantmix that EMKA will offer after the opening of Phase II in the spring is so important.

We hope that despite the uncertainty of the market, the wide range of services available at EMKA Shopping Center will enable customers to fulfil their most essential needs.

LCP Properties is an active player Poland’s retail park sector. The company is expanding its portfolio by acquiring new properties and carrying out investments under the development formula. At the beginning of 2022, the total area of properties owned by LCP in Poland exceeded 360,000 sqm and their value reached EUR 460 million. The company currently has projects in Koszalin, Bydgoszcz and Gdańsk. LCP invests for the long term, focusing on stable growth in property value through active management and maximizing profits.

For more about LCP Properties, visit: www.lcp.pl

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