A billion under the hammer

Investment & finance
In the next two years Orange Polska is planning to put up for sale 1,500 properties with a total value in excess of PLN 1 bln. We discussed these plans with Paweł Buchman, the property director of Orange Polska
Rafał Ostrowski, ‘Eurobuild Central & Eastern Europe’: Orange Polska is not just a communications company but also the owner of quite a sizeable portfolio of properties: as many as 2,500 – buildings with a combined area of 1.5 mln sqm as well over 1,000 ha. Where do all these assets come from? Paweł Buchman, property director, Orange Polska: It is a result of the company’s long history. Providing services all over the country used to require a large number of buildings, which included telecommunication infrastructure, such as switchboards and transmitting stations. Thus we had a large number of properties spread throughout Poland. The company no longer needs these properties? That’s right, we have too many of them. This is due to the dynamic development of telecommunication technology. In the 1980s, enabling the residents of a large estate in Warsaw to use telephones required an area of over 2,
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