The maturing of Mayland

Yann Guen, vice-president of the management board of Mayland Real Estate: The changes that we have introduced are our answer to the changing market and evolving economic conditions. We are adjusting the company to the new challenges reality is confronting us with. We are not changing the business model, but introducing new solutions instead. We are still a developer - we build and sell real estate. We have a few retail projects in the pipeline that we want to develop. Some of them are under construction, others at the financing stage, and there are also some we are developing concepts for. Fabrice Paumelle, director of the project development and marketing department: The market has been changing. There will be a leasable area of 500,000 sqm delivered this year. According to our observations, 15-20 pct of this space is located in projects that have been extended or converted. We are following the conditions set by the market and adding new solutions to our basic activities - extensio