Edition 3 (256) March 2021


The long slow thaw

Do you still remember that biting frost a few days back? Today, there’s no sign of it – just like there’s no sign of the snow heaped up on the sides of the streets and of the padded coats of the people walking down them. There’s no more complaining about slippey pavements; there are just puddles instead.

Tomasz Cudowski, editor-in-chief
Small talk

Many small steps makes green

CBRE recently brokered the purchase of one of the largest portfolios of rental apartments in Poland – when Swedish giant Heimstaden Bostad bought around 1,300 homes. We asked Daniel Bienias, the managing director of CBRE in Poland, about whether this is signal that major international residential investors are turning their attention to the Polish PRS market and quizzed him on some other current topics.

Small talk

A brave new work space world

Last year, New Work opened two new centres in Poland – in Neon in Gdańsk and in Hi Piotrkowska in Łódź. The company also introduced some new office management tools, including an application for users. Eurobuild spoke to the company's CEO, Hubert Abt, about this and other topics.

Small talk

A heart and soul in recovery mode

Since the end of last year, Helaba has financed, among others, three large office transactions – the sale in Warsaw of the Lixa, T-Mobile and Chmielna 89 office buildings as well as Churchill Square in Prague. We spoke to Martin Erbe of Helaba about (among other things) whether this is a sign that the investment market is getting back to normal

Stock market report

A good start for the sector

In the first weeks of 2021, the Warsaw sector indices – the WIG Bud and WIG – both rose. Real estate prices actually went up by 8 pct, significantly higher than the WIG index. Cautious optimism reigns on the stock markets across the world, since everyone is hoping that the economic activity last seen before the outbreak of the pandemic is set to make a return in the second half of 2021


The second great wave from the East

For several years it seemed that a tsunami of real estate investment was about to head our way from the Far East. But has this wave crashed against the rocks thrown up by the pandemic? Or is it only just starting?

Nathan North
Warehouse & industrial

Go West

For successful companies in Poland, entering Germany could be an opportunity to sail into wider and calmer waters. Other rewards might also include higher margins and competition that’s less cut-throat

Rafał Ostrowski
Property management

Crisis Management

Just over a year ago two of the largest property owners in Warsaw announced that they were no longer going to employ the services of property managers. Both Globalworth and CPI PG have now adopted the policy of managing their own buildings

Alex Hayes
Interior Design

The design revolution has yet to materialise

Over the last year developers have been competing with each other to assure us that their properties are safe, friendly and comply with pandemic regulations. Such declarations should have resulted in the wide-scale renovation of many buildings as well as a revolutionary approach from the architects who design new buildings – well, at least, in theory

Anna Korólczyk-Lewandowska
Retail & leisure

Every step you take

The number of visitors a mall receives has always been crucial for gauging its value, but footfall has recently taken on a new significance, since it can be used to ensure that only the permitted number of shoppers per square metre or cash till are let in. And so the pandemic has sped up the introduction of new methods of taking such measurements

Anna Korólczyk-Lewandowska
The Expert Eye

Who will invest in rental apartments?

Germany, Switzerland, the Netherlands and the Nordics are among the most mature PRS markets in Europe. The Polish PRS market, however, is still in its infancy, but more and more players are declaring their willingness to build portfolios of thousands of rental apartments in the country. Cushman & Wakefield’s experts, therefore, present us with their outlook on the growth of this market in Poland


Built on sound foundations

After a year of the Covid-19 pandemic, the largest residential Polish developers have been able to boast some surprisingly good results after taking advantage of the high demand and the strength of bonds on the investment market. Those with the money to invest now have a decision to make: other sectors are no longer attractive, whereas homes have become much more interesting to institutional investors

Tomasz Cudowski