Crossing the Carpathians

The directors of Penta are hoping to announce their first property purchase by the end of this year. "We have been monitoring the Warsaw market since last year. I know that a lot of projects had been looked at before I joined the local branch a few weeks ago. However, none of them fulfilled our criteria, so no transactions came out of this. We are now planning to focus on office projects in the centre of Warsaw, while approaching other districts such as Mokotów cautiously," declares Damian Grzywacz, the business development manager of Penta Investments, who gained his professional experience in companies including PointPark Properties, AIG/Lincoln and King Sturge. Now he is facing the challenge of building the Polish arm of the property group. Added value is the key According to Damian Grzywacz, Poland (in fact, Warsaw) was the next natural step following Penta's growth in Slovakia and the Czech Republic. The investment group, which is known in Poland for such transactions as the pur