Edition 9 (243) September 2019


Jogging our memories

What do the main topics of our September issue – the latest lighting systems in cities, how the Sunday trade ban is bleeding the retail sector dry, and the tenth anniversary of those real estate oscars the Eurobuild Awards – have in common?

Ewa Andrzejewska
Office & mixed-use development

From houses to offices

Buma is currently developing four office complexes. Three in Kraków – Dot Office in the Special Economic Zone, Tertium Business Park on ul. Lublańska and Wadowicka 3 near rondo Mateczne, as well as Cu Office on ul. Jaworska in Wrocław. At Office is the group’s latest brainchild. How is it different from other coworking operators on this increasingly popular market in Poland?

Anna Korólczyk-Lewandowska
Investment & finance

The Slovak who stayed

Can I start with your time at HB Reavis? When your employment there came to an end late last year, why didn’t you move back to Slovakia?

Alex Hayes
Investment & finance

Czeching out the opportunities next door

Accolade is a Czech investor with a commercial property portfolio valued at over EUR 800 mln. You have 1.1 mln sqm of properties across the Czech Republic, Poland and Germany. Could you tell us something about how your business started out?

Rafał Ostrowski
Retail & leisure

Looking better online and offline

So how did your company evolve into what it is today?

Anna Korólczyk-Lewandowska

Squeezing the brakes

POLAND Residential developers listed on the stock exchange had some rather surprising results in H1 and Q2 – some registered spectacular increases, while others nose-dived. On top of all that, the entire sector was up for the quarter in y-o-y terms but down for the half year.

Tomasz Cudowski
Stock market report

Summer shrinkages

The WIG-20 sank to its lowest level since November 2018 in mid-August, as worries about the trade war and the weakening European economy consumed the global markets. But the sector indices performed better this time. WIG-Real Estate even recorded a slight increase in this unfriendly environment


Lighting the way to tomorrow

It saves energy, reduces bills and can even be beautiful... modern lighting can transform urban space and turn the spotlight on its most important buildings at the same time

Agnieszka Zielińska
Investment & finance

The big can do more

As the investment market surges ever onwards, consultancies are also thriving. However, the competition in this segment is fierce and so consolidations are taking place to enable them to face the challenges of the future. We interviewed Małgorzata Dankowska and Wojciech Sztuba, respectively a partner and the managing partner of TPA Poland, about the current market environment and the details of their latest merger

Investment & finance

Thinking out of the dorm

In September, CA Ventures together with Polish-based developer Golub GetHouse will be opening the LivinnX Kraków purpose-built student hall. This is to be the Chicago-based student housing specialist’s first location in Europe, as it begins a new phase of international expansion

Rafał Ostrowski
Retail & leisure

Shopping for cooked frogs

The gloomiest predictions for the Sunday trading ban were that it would be apocalyptic for the shopping centre sector in Poland. more than 18 months since its gradual introduction began, the market is still alive, but the tightening restrictions are now having a deeper impact. However, managers have not thrown in the towel and have been engaging in a fierce battle for customers, as 2020 and the imposition of the total ban looms

Łukasz Marynowski

Iconic memories

As the Warsaw Marriott hotel approaches its 30th birthday, the global group that went on out on a limb to open it all those years ago is still going from strength-to strength in the region. We caught up with Janusz Mitulski, the senior director of development for Marriott International responsible for the company’s expansion in the CEE region (specifically Poland, the Czech Republic, Slovakia, the Baltic States and also Ukraine) to find out all about the ongoing expansion plans for its many brands

Anna Pakulniewicz

Higher schools of architecture

Polish universities and colleges are convinced that it’s worth investing in the design of their buildings. However, the learning process is still slow

Tomasz Cudowski
Eurobuild Awards

Five stars for ten years

In December it will be jubilee time for the Eurobuild Awards, as we celebrate the tenth year of this prestigious event. On this occasion, we have prepared something of a surprise – accolades are to be presented in five new categories: Investor of the Decade, the Office, Retail and Warehouse Developers of the Decade and the Agency of the Decade

Tomasz Cudowski

Driving and motorbikes

The weather and the players did not disappoint us – and nor did the entertainment that was laid on at the after-party on Friday, June 28th – the day of this year’s 18th Eurobuild annual golf tournament and 14th tennis tournament, organised by Eurobuild Conferences

Tomasz Cudowski

Beckers and Martinas

In the city’s Mokotów district, meanwhile, the Annual Eurobuild Tennis Tournament was taking place on the courts of the Warszawianka tennis club. The contest has already become a well-established fixture on the local real estate calendar, but it is still growing in popularity and competitiveness. This year, however, it threw up a few surprises.

Nathan North

Harleys and headbangers

After a day of smashing balls around, the players were able to finally take off their golfing caps and tennis headbands to let their hair down at the after-party that evening.

Alex Hayes

Volleyball for a good cause

A record 60 teams competed in the 10th Charity Real Estate Beach Volleyball Tournament held by JLL under the honorary patronage of the Polish Volleyball Federation in Warsaw. However, this was not the only record broken during the event. More importantly, the tournament raised an unprecendented PLN 1.18 mln through donors, sponsors and players


The withdrawal method that might even work

At the trade event the girl at the reception smiled and asked the woman for her name. The woman instinctively told her and then watched as the receptionist ran her pen down the guest list, her face growing longer by the second. Damn, the woman thought, probably she hadn’t sent her RSVP to the invitation. And she usually didn’t, out of… laziness? habit? having too much on her mind? So instead she had to resort to trickery. “I’m from Eurobuild.” “Aah,” said the receptionist, dropping the list and beaming an even bigger smile at her, “welcome!”

Anna Pakulniewicz