PL

In line to the throne

Editorial
Winter is coming! Don’t worry – I‘m not confused about the season; nor was I referring to the forecasts of frosty weather, to the despair of those who are leaving for the countryside for the long May weekend.

I was speaking of the joy of those people who are staying in the city for the première of the sixth season of ‘The Game of Thrones’. On Sunday I was faced with the dilemma of whether to wait until 3 am for the première or write this slightly delayed editorial for the May issue. Well, my son’s and dog’s Sunday stomach bug somehow managed to drain my will in terms of both activities, but I was falling asleep thinking: Winter is coming... and maybe it is coming to the Warsaw office market. I don’t mean that the city’s skyscrapers will be taken over by an army of the dead, but the fact that there are threats on the horizon. We have taken a look at the increasing office vacancy in the article entitled ‘Pretty vacant – but sitting pretty’. This could be used for an interesting contrast and compare exercise with the interview of the month, with Jeroen van der Toolen, the head of Ghelamco in our part of Europe (‘25-year-old start-up’). As I write this, two important additions to the office market in the capital city lie ahead of us. The now completed Warsaw Spire skyscraper is to open its doors on May 12th, while the opening of Echo Investment’s flagship Q22 project will be celebrated in June. The second half of the year will reveal what their impact on the office market is. Developers as well as some of the owners of portfolios of older office buildings remain optimistic, but some consultants are little less sanguine. Well, the only thing I can do is to return to the series and quote Ygritte: You know nothing, Jon Snow.

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