Going public

How many more roads can built in Germany? So why don’t international investors take a look at some of the many motorway, water supply and stadium projects on offer in Poland? And are investments in public real estate projects more attractive than commercial ones?  There could be many reasons why an investment institution might be looking to get involved in such projects in Poland. But according to Marek Borek, a partner in charge of the financial infrastructure department of the Ernst & Young consultancy in Warsaw (which recently won the contract to advise on finding investors for the Baltic Arena stadium project in Gdańsk for Euro 2012): “The main advantages for investors are the returns and the growth in the market, which is quite a green one with lots of potential projects needing to be done.” He adds that another incentive might be provided by the situation in western countries, where returns “for infrastructure projects are quite high, but are now get