Edition 10 (204) October 2015


When victory tastes sweetest

It was the week before the Warszawa Business Run. Eurobuild had entered its five-person Szybkie Newski (fast news) team in the relay.

Ewa Andrzejewska
Office & mixed-use development

Northern potential and rising vacancy

POLAND The office market in northern Poland is continuing to develop and has good prospects for the future, according to the ‘Northern Poland – Prospects for Business Services’ report just published by Colliers and Adecco. The authors of the survey are predicting that the vacancy rate in Gdańsk is set to increase. The report is focused upon five office investment locations in the north of the country: the TriCity, Szczecin, the Bydgoszcz-Toruń agglomeration, Białystok and Olsztyn.

Anna Pakulniewicz
Investment & finance

GTC posts H1 results, plans purchases

CEE REGION In Q2 2015, GTC’s net losses amounted to EUR 2 mln. At the same time the company generated a net profit of EUR 6 mln in the first half of the year. The company now aims to spend EUR 40 mln on acquisitions by the end of 2015 and issue PLN 0.5 bln of new shares.

Retail & leisure

Coalition for the square

KSP has been planning to revitalise Ethos, the office complex formerly known as Holland Park, on Warsaw’s pl. Trzech Krzyży. What stage is the work currently at? Has the general contractor Porr actually started the work yet?

Interviewer: SAT

Resi developers doing well

POLAND The major residential developers active in Poland generally registered healthy sales results in H1 2015, when most of them enjoyed increased apartment sales.


Open and green Olsztyn

POLAND Olsztyn city council is working on a redevelopment programme to enhance and modernise areas around the city centre. The revitalised district is to be made friendlier for residents, and particularly pedestrians and cyclists, ‘greener’ and more open.

Anna Pakulniewicz
Stock market report

EU provides framework for hope

The Chinese economy grinding to a halt has left its mark on stock exchanges all over the world. The end of the summer was itself marked by fire sales – panic sell-offs. Fortunately, the frenzied minds of investors were cooled by the improved macroeconomic data published in September. In contrast to the previous month, when construction companies were the leaders, this time the main feature has been declines


Regional magnets

The property investment market is thriving even though it never ceases to throw up surprises. Firstly, in 2014 the value of investment in warehouses exceeded the level on the retail market; this year more offices were sold in provincial cities in Poland than in Warsaw. This completely turns on its head the picture we have become accustomed to over the years

Tomasz Szpyt
Investment & finance

New kid on the block

It has been a busy time for the real estate consultancies. While the biggest international players are now joining forces, a newcomer has arrived in Poland for its own slice of the cake. “Prelios will not be a boutique company,” the head of advisory and asset management at Prelios Real Estate Advisory, Maja Biesiekierska, tells ‘Eurobuild CEE’

Ewa Andrzejewska
Investment & finance

Scoring an offside goal

As eleven Russian host cities are currently gearing up for the 2018 world football championships, the latest FIFA corruption scandal outbreak, along with the current economic turmoil in the country, could put the planned multibillion dollar World Cup preparations into limbo

Agata Kłapeć
Investment & finance

Into the big three

At the beginning of September the merger of two well-known names in the property service sector was announced: C&W and DTZ. The new Cushman & Wakefield has now been propelled into the top three real estate services providers. We met up with the company’s Managment to discuss the reasons for the merger and how it has changed the game, both for the new company and the market

Nathan North
Investment & finance

A billion under the hammer

In the next two years Orange Polska is planning to put up for sale 1,500 properties with a total value in excess of PLN 1 bln. We discussed these plans with Paweł Buchman, the property director of Orange Polska

Rafał Ostrowski
Office & mixed-use development

The more, the merrier

The office subleasing sector has been growing at a dizzying rate. Market players say that they want to grow, there is a great deal of available space on the market and it is a promising segment. And everyone is saying that there is either no competition or that they are not afraid of it. Is this the ideal business to be in?

Anna Pakulniewicz
Eurobuild Awards

Investors enter the limelight

The market has been undergoing a transformation – and the Eurobuild Awards, as ever, has embraced this. Following the changes taking place in the sector we have decided to establish a new category this year – the Investor of the Year. The statuette will go to the company that makes the greatest impression on our jury members

Tomasz Szpyt

Switching to two wheels

Five companies, ten bikes. This can only mean: #przesiadka (switch/ change), a scheme to switch from motorised transport to peddle-power. It took place between August 25th and September 22nd, with ‘Eurobuild Central & Eastern Europe’, JLL, CBRE and two developers participating

Ewa Andrzejewska

Humanitarianism vs. empty houses

Europe has to face a choice today: either it opens its doors to immigrants or it will have to get used to a gradual decline in its standard of living. All because of the demographic crisis

Rafał Ostrowski