PL

Edition 4 (229) April 2018

Editorial

Holistic-er than thou

As I start typing the word ‘diversification’ into the world’s most popular search engine, the second prediction it makes before I finish the word is ‘diversion’.

Ewa Andrzejewska
Office & mixed-use development

Banking on modernity

POLAND BGŻ BNP Paribas bank is following in the footsteps of other financial institutions that have recently changed their offices. Aviva has leased modern space in the Gdański Business Center complex in Warsaw and MBank has moved into Przystanek MBank, which was built by Ghelamco Poland in Łódź. Now BGŻ BNP Paribas plans to bid farewell to its 1990s office building in mid-2020 and is to move to the Lixa building, which is under development by Yareal in Warsaw’s Wola district.

Aneta Cichla
Investment & finance

A Metropolitan offensive

You want to create a chain of 20 retail parks under the Metro Park brand. Two have been developed so far and the third one is under construction. What are your plans?

Interviewer: Rafał Ostrowski
Investment & finance

Creators of destiny

Coimpex has rather a large land bank in the northern part of Warsaw (about 80 ha). What should we expect to see happen with these plots?

Interviewer Tomasz Szpyt-Grzegórski
Stock market report

An early spring corrective

The price adjustment that started at the end of January and early February took almost a month. It was triggered by a change in the chairman of the US Federal Reserve, with the new boss being a greater supporter of interest rate hikes than his predecessor. In Poland, the indices all weakened apart from WIG-BUD, which moved up from being an also-ran into the leader of the pack

Feature

Channelling your inner market leader

Retail chains are increasingly investing in modern sales models. Working in several areas gives them the chance to strengthen the impact of the brand and improve their financial results. IT departments are being expanded – along with the awareness that omnichannel sales are the key to success

Aneta Cichla
Investment & finance

Spreading your bets

We spoke to Mariusz Poławski, the vice-president of Marvipol Development, about entering a much heated warehouse market, an apartment with a PLN 15 mln price-tag, and the new promised land on the Baltic coast

Tomasz Cudowski
Office & mixed-use development

Prestige premises

Transforming a historic building into a fully-functioning modern facility requires much more effort and capital than construction from scratch – and yet there is no shortage of interested parties when it comes to revitalised buildings. Developers, tenants and the managers of investment funds are queuing up for exclusive office projects created out of old or derelict buildings

Tomasz Cudowski
Construction

Absolutely prefabulous?

Prefabrication was supposed to be the way forward for large-scale residential construction as well as the solution for labour shortages in the construction industry. But if its day is ever going to come, we are only inching towards it

Rafał Ostrowski
Facility Management

What fits the bill?

What’s hidden behind those rather opaque terms ‘operating costs’ and ‘administration costs’ that appear on the invoices issued to shopping centre tenants? According to auditors, landlords can often pass expenses not entirely consistent with the lease agreements, legal requirements or even with common sense on to their tenants

Aneta Cichla, Tomasz Cudowski
Events

The keys to your heart

The warehouse and light production sector want to keep growing, and in order to do so they need manpower. They are trying to show that they care about their employees by offering them not only higher wages but also subsidies for meals, medical care and a better working environment. The issue is being addressed by developers who are building more people-friendly facilities. This was among the conclusions reached at the recent meeting initiated by Segro

And
Events

Sun shining on the sector

The 29th MIPIM real estate fair took place in Cannes on the Côte d’Azur on March 13–16th. The event attracted more than 24,000 participants from a hundred countries, including several hundred from Poland

Tomasz Szpyt-Grzegórski
Endpiece

A real pain in the side

For a long-term UK expat Poland still remains a very confounding country. This is quite painful for me to write – quite literally, because as I sit here I am intensely aware of a dull ache in my side, which occasionally stabs me like a dagger. I have a broken rib...

Alex Hayes

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