PL

Edition 3 (238) March 2019

Editorial

The icing crumbles

Doughnuts, doughnuts everywhere! During my morning coffee break I was bombarded with visions of them in the virtual world, on Facebook and LinkedIn.

Ewa Andrzejewska
Investment & finance

Czechs eye up Slovakia

You have just started with building a new portfolio that focuses on CEE industrial opportunities. At the end of last year you announced your first investment for it and entered into Slovakia, completing the biggest industrial transaction of the year in that country. Can you elaborate a bit more on your strategy and approach? And why are you entering Slovakia?

Interviewer Anna Pakulniewicz
Investment & finance

Northwards, by Zeus!

You’ve just made your first Polish acquisition: the Graffit office building in Warsaw. Could you tell us a little about Zeus Investment Management?

Nathan North
Retail & leisure

Fitter together

CityFit currently has 19 fitness clubs in its chain. What are your expansion plans for 2019?

Aneta Cichla Interviewer
Retail & leisure

From good to exceptional

CEE REGION As the retail sector undergoes profound changes, shopping centre investors are having to take a long hard look before deciding to acquire any asset. One that has been highly profitable up to now might generate losses in a few years. And vice versa: shopping centres that currently only generate meagre profits, but that have some hidden potential, might yet turn into a goldmine.

Residential

Dropping like a brick

POLAND Developers’ sales over the year and for Q4 2018 leave no illusions – the residential market is braking harshly. The Twenty listed companies from the sector sold 25,900 apartments last year, around 4,500 less than in 2017.

Construction

Keeping tabs on deliveries

Please tell us a bit about ProperGate’s innovative system. Where did the idea for it originate?

Interviewer: Agnieszka Zielińska
Warehouse & industrial

Organic – but sometimes surging ahead

This year Axi Immo celebrates its tenth anniversary. In April 2009, when you started out, the market was still stricken from the onslaught of the credit crunch. Did you ever regret the decision to go it alone?

Tomasz Cudowski
Warehouse & industrial

One step ahead of the future

WORLD As technological progress and digitisation open up new possibilities for the warehouse and logistics sector, one company aiming to stand out in this field is Prologis, which in November last year opened a laboratory in San Leandro in the USin order to test and research innovations for the sector. It features a virtual test platform, with both the physical and the virtual laboratories integrated with each other. In this way Prologis intends to gain an insight into the changes that the company and its clients will have to face or embrace in the future.

Agnieszka Zielińska
Stock market report

New year bonuses

The good start to 2019 does not necessarily mean that this year will be better than the last, but you could say that an air of optimism was blowing across the indexes and share investor activity. WIG-Real Estate has made up for its losses in recent months while WIG-Construction has managed to come out in the black

Feature

The seven billion euro question

The record turnover of EUR 7.2 bln on the Polish commercial real estate investment market in 2018 has only sharpened the appetite for even more. 2019 promises to be equally intensive, but clouds may be forming that could dampen the festivities

Tomasz Szpyt-Grzegórski
Retail & leisure

Positively disruptive

GVA, which was bought by Apleona around 18 months ago, has now changed hands again. As it merges and takes on the name of its new owner, we spoke to Andy Mottram and Michał Ćwikliński, respectively the Europe and Poland MDs of Avison Young, on how the merged company now intends to shake things up on the real estate services market

Nathan North
Investment & finance

Advice off the beaten track

Consultancies operating on the Polish real estate market have recently announced, almost simultaneously, plans to expand their activities into new sectors. What are these new, undiscovered lands they want to colonise?

Anna Pakulniewicz
Investment & finance

I get knocked down but I get up again?

Some retailers are collapsing, while others are fighting for survival. Popular brands are disappearing or being replaced by new ones. This is the natural market cycle. However, it is worrying that large retail chains and major tenants of shopping centres have been finding themselves in financial difficulties

Aneta Cichla
Warehouse & industrial

The only way is up

Segro Group has developed its first two-storey warehouse building – one of only a tiny number of such facilities across Europe. Andrew Gulliford, Segro’s chief operating officer, explains why he thinks we will be seeing more projects of this kind

Interviewer: Rafał Ostrowski
Residential

The co-living proof

The first few Polish co-living projects are now taking shape, while a growing number of investors are keeping a close eye on the sector as it takes its first few steps in the country. Is revenue from this new asset class guaranteed? And if so, when?

Tomasz Cudowski
Endpiece

Living the dream

Nearly everyone knows what’s commonly known as the ‘Chinese curse’: “may you live in interesting times”. With the ongoing digitisation and globalisation of the world today, we’re certainly in such a period right now with even the most farfetched visions of the future from films and fiction of yesteryear coming true before our very eyes

Agnieszka Zielińska

Editions

Categories