Pinnacle back in the game

As Martin Carr, Pinnacle’s CEO, tells ‘Eurobuild CEE’, the company has been waiting for the ideal economic climate to return to the Polish market. Founded in 2002, Pinnacle currently has app. EUR 350 mln assets under management. These include three Prague properties: Metropole – a 55,000 sqm shopping centre owned by Commerz Real in Zličín; Charles Square Center – a 20,000 sqm gla mixed-use office and retail building also owned by Commerz Real; and Millennium Plaza – a 20,000 sqm gla office and retail mixed use building in the city’s CBD, which includes the four-star 293-room Marriott Hotel. Pinnacle has recently made large land purchases across the Polish region of Upper Silesia, including five plots from Mostostal Zabrze worth PLN 61 mln, for which it is now preparing the building permitting processes. These are to be the sites for the construction of retail and warehousing projects, to be de