PL

More and more shopping centres could find themselves in a difficult situation, Agnieszka Mielcarz of Knight Frank

More and more shopping centres could find themselves in a difficult situation in the near future. We call such centres distressed assets – they have problems that handicap their activity in the form they exist in now.
The problem can be due to the tenant mix, the infrastructure or the appearance of new competitors for the centre. Some centres could also lose their way in the future, and in such a case it is certainly possible to change the function of the building – such a trend is visible on more developed markets than our own, but I guess we will witness such changes in function on our market within two years. Asset management is a service that aims to increase the value of real estate. It is a very complex service: real estate valuation, market analysis, problem definition and the creation of a final strategy that can relate to several different aspects of operations, such as the tenants and the marketing, among others.

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