Demand for retail is helping to boost the Polish property construction market and encourage further growth.

Leading Polish-based developer The Outlet Company has confirmed that it is to start building the third phase of its Fashion House Outlet Centre in the capital city of Warsaw.

The 6,500 square-metre development is the final phase at the Piaseczno project which will offer a total of 24,000 square metres of high-quality retail space housing 130 outlet stores as well as a food court. Total cost of the project is expected to reach €35 million when the centre is completed finished in November next year, reports Finanztreff.

Originally opened in August 2005, the Fashion House Outlet Centre has seen a sharp increase in demand from both local and overseas visitors – welcoming more than 1.5 million shoppers in its first year of trading. The centre located in the south of Warsaw is quickly developing into a major retail attraction in the city, with 80 stores offering a range of goods.

Neil Thompson, chief executive offer of The Outlet Company, said: "The rapid pace of our development in Poland, where we have three Fashion House Outlet Centres, is a sign of the dynamism of the Polish retail market, which has always been at the forefront for investors in Europe."

"The likely completion of our Outlet Centre in Warsaw within two years of opening is as positive an endorsement of the strength of the Polish market for international Outlet occupiers as it is possible to get," he added.