Edition 5 (190) May 2014


Words and buildings that move you

Which place was Finnish architect Rainer Mahlamäki talking about? “How can you truly appreciate the history of the place? In this case the history is unique, because it is a sacred place in many respects.

Ewa Andrzejewska
Investment & finance

Echo finds new funds

POLAND Echo Investment has signed a loan agreement with BNP Paribas Bank Polska for the financing of the construction of the first two stages of an office complex. The developer has also recently carried out valuations of all its properties.

Investment & finance

Hungry Hypo

In January, Deutsche Hypotekenbank opened its first office in Poland. What is the significance of this move?

Zuzanna Wiak
Retail & leisure

Right here, right now

In early April you took the helm of retail and residential developer Napollo. It now has a new name [from February 2014 the company has operated under the Nap Invest Group logo], a new boss, new plans...

Ewa Andrzejewska
Warehouse & industrial

Contracts galore for Panattoni Europe

POLAND Panattoni Europe is starting the speculative development of a new logistics park in Bielany Wrocławskie: Panattoni Park Wrocław III.

Stock market report

Spring in their steps

On the one hand, we have the Ukrainian crisis; on the other, an economic situation that continues to improve. The result of this has been two downward weeks, two weeks of growing indexes, and an eventual balance of around zero. Analysts believe that the global revival could now be followed by a sustained period of growth on the emerging markets

Investment & finance

Plots like hot cakes

The end of 2013 saw a strong revival on the land investment market in Poland. Residential developers are in the vanguard of the buyers, but increased turnover is also evident on the commercial market. To discuss the current situation in this segment and forecasts for the next few months, we spoke to Daniel Puchalski, the head of land advisory services for Poland at JLL

Tomasz Szpyt
Investment & finance

Plotting a comeback

The last few quarters have seen more purchases on the investment land market. The revival is obvious across almost all of the region – but the Czech Republic and Poland are leading the way. However, developers still remember their experiences a few years ago and are being much more selective in what they are buying

Tomasz Szpyt
Investment & finance

Money to spend, little to buy

Billions in foreign currency is now flowing into the property investment market in Europe and Poland. This is likely to be the highest volume in eight years. There is so much money around that investors could have problems spending it. Should we expect another speculative bubble? unlikely... at least for the time being

Tomasz Szpyt

Spring awakening

With the arrival of spring the mood and the climate have both visibly improved on the hotel market. The experts who have been surveyed by us in this issue are unanimous in their view that a revival is underway. And it will be most visible in Poland and the Czech Republic

Aneta Cichla
Office & mixed-use development

Working out after hours

Office buildings are continuing to spring up like mushrooms. But something else is growing as well… vacant space. Wouldn’t it be a great idea to put on your trainers and start the race for potential tenants by handing them membership passes for the office gym?

Ewa Andrzejewska, Alex Hayes

Space for the soul

The Museum of the History of Polish Jews in Warsaw is preparing for the opening of its long-awaited core exhibition in October. The building, which has been partially open to the public now for almost a year, has already picked up several prestigious awards – including the Architectural Design of the Year prize at the Eurobuild Awards. Its designer, Finnish architect Rainer Mahlamäki, spoke to us about his vision for architecture

Rafał Ostrowski

Pre-fab and groovy?

Kraków is the first city in Poland to engage in an extensive revitalisation scheme for post-communist blocks of flats. By the end of this year the first architectural concept for one residential quarter should be complete. Could this be the answer for the 12 mln Polish inhabitants of such housing?

Rafał Ostrowski

The sweet smell of successful management

The Polish retail market is moving towards relative maturity, but this does not mean that it is stagnating. It is still changing rapidly, with novel ideas and a greater level of professionalism

Alex Hayes

Hungry for more data

Software developers Conject and Argus Software, together with ‘Eurobuild CEE’, held a business breakfast in Warsaw’s Polonia Palace Hotel on April 8th, in which a number of new software solutions were showcased that could simplify the use of data in the property sector

Alex Hayes

Expedition to Greenland

Five skiing enthusiasts climbed eight peaks in eastern Greenland. The aim? To experience a unique adventure – and to raise funds for scholarships for students interested in spatial development issues


An elephant without a home

A thing that is useless and no longer needed, although it may have cost a lot of money. Eg. “The new tower block has become an expensive white elephant” – this is how the Oxford Dictionary defines ‘white elephant’. The story goes that the King of Siam would give one of these animals to subjects who had fallen out of his favour, forcing them to spend a fortune caring for the useless beast

Nathan North