Edition 8 (172) August 2012


The day that changed everything...

Ashort survey was recently conducted about the first three things people associate with September. It usually started in a nice way: heather, apples and mushrooms. Then thoughts drifted to responsibilities, along the lines of the end of the summer holidays, returning to work and the beginning of the school year. Then the associations became darker: the events of September 11th and the outbreak of World War II.

Ewa Andrzejewska
Office & mixed-use development

Real across the board

POLAND A scale model of one of the houses built in the Rezydencje Chojnów estate near Warsaw is still standing in his office at the headquarters of the company in Warsaw's Mokotów district. The project has been a hive of activity for over five years, but now is the time for attention to be turned instead to villas, namely those in the Rezydencje Pałacowa project, which is being developed in Wilanów district.

Ewa Andrzeewska

The lowest common denominator

POLAND The construction sector is plunging further into crisis. The recent problems of stock exchange-listed companies are only the beginning of a depressing cycle of more bankruptcies and redundancies. "The whole industry is faced with the prospect of really hard times. We expect a slight revival to occur only in the second half of 2014," claims Dawid Piekarz, the vice-president of the Polish Construction Employers Association. "We estimate that 100,000-150,000 people could lose their jobs," he says.

Radosław Górecki
Stock market report

Fragile balance

The summer holidays have brought some stability to the main stock exchange indexes, while the WSE has become more resilient to the turmoil on more developed markets - And there's no shortage of that. the global economy (in both hemispheres) is running out of steam, while the euro zone is still teetering on the brink


Crisis points

With the fourth anniversary of the Lehman Brothers collapse fast approaching, problems such as the sovereign debt crises in the euro zone are still rumbling on despite all the efforts to resolve them. So where are we now? Does the double-dip recession spell more gloom for the real estate markets in the region, or has a new realism set in opening up fresh opportunities for the more professional players? We turned to some of these to find out their views on the matter...

Warehouse & industrial

In fighting form

Goodman has 252,000 sqm in Poland under management with 13,500 sqm under construction and a land bank with the potential to develop up to 850,000 sqm of warehousing. It has now set its sights on becoming the country's top industrial developer, reveals Kristof Verstraeten, Goodman's new commercial director for Continental Europe

Alex Hayes
Warehouse & industrial

Catching the wave

US warehouse developer Panattoni first entered the Polish market in 2005. since that time, under the leadership of Robert Dobrzycki, its Polish portfolio has now grown to include 32 logistics parks

Alex Hayes
Eurobuild Awards

The priceless smile of a child

Krystian, Sylwia, Karolinka, Adrian, Magda, Weronika and Blanka - these are the names of the children whose dreams came true thanks to money raised at last year's Eurobuild Awards Gala. This year we are also hoping that this December's event will enable us to put smiles on the faces of more children

Aneta Cichla
Interior Design

Tune into the voice of... your employee

Small conference rooms, the possibility of rearranging the seats, open-plan recreational areas - all are among the latest trends in office design. As recently as 2010 closed rooms comprised 20 pct of all office space. By 2015 this number will have dropped to 5 pct

Zuzanna Wiak

The PIGS that flew

They think it's all over - because it is. As life gets back to normal, all that's left of Euro 2012 in the host cities across Poland and Ukraine is the scaffolding still being dismantled in the fan zones. As far as property and construction is concerned, the main impact of the tournament is in the form of a few new hotels and stadiums and the odd road. real estate analysts, however, had other ideas

Nathan North