PL

Edition 4 (250) April 2020

Editorial

Do your our own thing!

The best scripts are written... by life itself! And that’s a fact. Well, a few staff still on duty in Eurobuild’s editorial office claim it’s actually American TV screenwriters that write the best ones. Why are there so few employees here?

Ewa Andrzejewska
Trends

Ghelamco spells out its future

POLAND Ghelamco has laid out its immediate plans and has announced it is negotiating the sale of the three towers of the Warsaw Hub development. The company estimates the market value of the property to be more than EUR 270 mln. The plans for the sale were mentioned in the recently approved prospectus for a PLN 350 mln bond issue. The project, is to be completed by the end of Q2 of this year. It consists of two office skyscrapers and one hotel tower with a total of ​​117,000 sqm. On publication of the bond issue prospectus, 93,500 sqm had already been leased. This is not the only development it is selling as it has also announced that it is negotiating the sale of its office development at ul Wołoska24, which has an estimated market value of EUR 56 mln

Trends

Echo goes shopping at Tesco

POLAND Echo Investment has signed preliminary agreements to buy three first generation shopping centres on ul. Opieńskiego in Poznań, ul. Widzewska in Łódź and ul. Kapelanka in Kraków, where it plans to build around 240,000 sqm of mixed-use space, including offices, retail and 4,000 apartments.

Trends

Panattoni builds and leases

POLAND Panattoni Europe has sold five logistics parks with a combined 280,000 sqm to an undisclosed Asian investor represented by Savills Investment Management. The parks include Panattoni Park Poznan IV (86,500 sqm), Panattoni Park Szczecin II (70,000 sqm), Panattoni Park Warsaw North (54,000 sqm), Panattoni Park Warsaw South (38,000 sqm) and Panattoni Park Ruda Śląska I (33,500 sqm).

Stock market report

Panic grips the stock markets

The end of February and early March saw the world’s financial markets go into meltdown – the worst since Lehman Brothers went under in 2008. This officially marked the end of the boom in the US, as the entire planet braced itself for the full impact of the coronavirus on the global economy

Feature

The show must go on

It is still hard to believe what has happened in the last few weeks. The world has not stopped spinning, but we now are faced with the prospect of living with the impact of the pandemic for the foreseeable future. We spoke at length to Daniel Bienias, the head of CBRE in Poland, about how the company has made it to the top as well as its plans for the future. And it was this part of the interview that took on an entirely new emphasis

Tomasz Szpyt-Grzegórski
Feature

A pandemic but no panic

How are the individual sectors of the real estate market reacting to the Covid-19 outbreak – and will it ever be the same again?

Tomasz Cudowski
Investment & finance

From golden goose to black swan

At the beginning of the year, hardly anyone thought that a meltdown was lurking around the corner. At the 6th Invested Interest – Investment Market Conference, held by Eurobuild Conferences on February 27th, we spoke to Prof. Witold Orłowski, the chief economic advisor at PwC, about the potential risks for the economy. The coronavirus was by then only just rearing its ugly head in Europe, but even then he warned us of the possible devastating consequences for the market it could trigger

Tomasz Szpyt-Grzegórski
New technologies

The parking space race

Traffic jams, streets full of exhaust fumes… and then there’s nowhere to park at the end of it all. Intelligent parking systems could just be the remedy for such problems faced by modern cities

Agnieszka Zielińska
New technology

Inside the traveltech tent

The co-creator of the Hotailors platform has been drawing up his plans to revolutionise the business travel market. The traveltech sector may still be in its infancy, but there’s a lot going on in it – and not just the pandemic. We spoke to Filip Błoch, the CEO and co-founder of Hotailors, about the firm’s plans and where it’s set to go from here

Ewa Andrzejewska
Events

Sunshine before the storm

The Polish investment market has not lost any of its lustre and continues to attract investors from further and further afield, while developers are not having any problems at all in selling their products – agreed the experts gathered at Eurobuild CEE’s 6th Invested Interest–Investment Market Conference, which took place at the Intercontinental Hotel in Warsaw at the end of February. However, there was no such consensus when it came to the impact of the coronavirus

Tomasz Cudowski
Endpiece

Not another coronavirus piece

How should I write this column in the wake of the calamity that has engulfed us all? Usually this piece is intended as a bit of light relief – a humorous and sideways glance at the real estate world, putting it in perspective by gently sending it up and poking fun at the obsessions we all have in this sector

Nathan North

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