Edition 3 (248) March 2020


Village people swimming in cash

Would you say that you’re a Monday person? Even on those Mondays when you find out that the coronavirus has now reached Europe – and spread to a country where many Poles like to spend their winter holidays?

Ewa Andrzejewska

Globalworth busy buying as CPI buys its shares

CEE REGION CPI Property Group has brought its holding in Globalworth up to 65.25 mln shares, representing 29.4 pct of the voting rights of the Romanian real estate investor.


MLP joins the millionaires’ club

MLP Group now has nine parks in Poland. It’s also active in Germany and Romania. What are your latest plans?

Rafał Ostrowski

A walk in the park

With the opening of several retail parks across Poland and its entry into the residential market, does Trei see 2019 as a successful year?

Rafał Ostrowski

The eyes and boots of the investor

Warsaw Property Partners (WPP), formerly WX Management Services, offers full investment cycle real estate investment management services, including project sourcing, planning process, design, management and asset management of operating properties, up to the sale itself. Is there much demand for this sort of very comprehensive service?

Rafał Ostrowski
Stock market report

Going viral

The biggest news event since the start of the year has been the coronavirus outbreak in China. The epidemic has actually shaken the foundations of the world economy, impacting Chinese production, which is crucial for global trade. For the Warsaw stock exchange the beginning of the year has therefore been a bit sluggish, but successful for the construction sector as well as developers


The fab five

When she started at the company, it had a team of three and not a single square metre of completed space under its belt. Today Segro has a portfolio of more than 1.5 mln sqm in eighteen logistics parks in Central Europe. We spoke to Magdalena Szulc, Segro’s director for Central Europe, about its past and future

Rafał Ostrowski
Investment & finance

Skinny-dipping at high tide?

The Polish commercial property investment market is all set for another excellent year. After a superb 2018 and 2019, there’s little indication of any slowdown in investor demand. In fact, a volume of EUR 8 bln could realistically be achieved this year, as there’s never been so much money around for real estate purchases

Tomasz Szpyt-Grzegórski
Office & mixed-use development

Towering ambitions

When Ghelamco bought the land for the Warsaw Spire in 2006, the area around Rondo Daszyńskiego was a rundown wasteland of old factories and derelict houses. Six skyscrapers are now under construction in this area, four of which are the work of the Belgian developer. A fifth is in the starting blocks – and this will by no means be the company’s final foray into this corner of the city. We spoke to Jeroen van der Toolen, the managing director of Ghelamco for Central and Eastern Europe, about company’s plans for more office towers – and maybe something even grander than all of those put together

Tomasz Szpyt-Grzegórski
Investment & finance

Managing the managers

Many people were surprised when JLL announced last summer that they were pulling out of property management in Europe and selling up their operations to Dutch property manager MVGM. We talked to Maarten de Haas, the chief commercial officer Europe of MVGM International, and Virginie de Baere, the managing director for Poland, to find out exactly who they are and what they are planning for Poland

Alex Hayes
Investment & finance

Over here and over there

Polish residential developers are being taken over by international investors. At the same time, they are becoming increasingly active in the PRS sector and are undaunted by the prospect of starting projects abroad. They now seem to have genuinely earned the status of ‘European-standard companies’

Tomasz Cudowski

Party like it’s 2008

The doomsday scenarios didn’t come to pass – and so residential developers were able to crack open several champagne bottles on December 31st for the second year in a row. In spite of this, it’s difficult to shake off the feeling that dark clouds are gathering over the market (as well as the entire economy)

Tomasz Cudowski

Diverse and special

There’s finally some money to be made on the construction market, and so we can feel more relaxed when drawing up project budgets and competing for tenders; The only obstacle to further growth are the staffing issues – believes Dariusz Grzeszczak, the CEO of Erbud

Tomasz Cudowski

Clicking everything into place

Shopping, thankfully, is no longer just rushing from store-to-store in different malls. It can now be done by surfing the internet, and by using our mobile apps to find the right products and to pay for them. We are gradually entering an era when brick-and-mortar stores are being transformed into something more like showrooms or places to pick up (and return) goods ordered online. Luckily, my own shopping habits are perfectly in line with this trends.

Anna Korólczyk-Lewandowska