Pumping up the volume

Interview
Extensions are more challenging than new developments, but this is where many of the opportunities in the retail property market in Poland currently lie. Scott Dwyer, the CEO of shopping centre owner, manager, operator and developer Atrium Poland Real Estate Management, tells us about the company’s investment plans for the Polish market.
Adam Zdrodowski, ‘Eurobuild CEE’: The retail property market in Poland has been defined by the intensifying competition in recent years. Does the sector still offer investment opportunities for international real estate investors and developers? Scott Dwyer, CEO, Atrium Poland Real Estate Management: Well, in Warsaw the vacancy rate in the office sector is in the mid-teens, while in the retail sector it is 2 or 3 pct, so offices are no substitute for retail. There are two things happening in the marketplace: one is that ownership is concentrating to more long-term holders and the other is that the development of new shopping centres is happening more in the smaller cities, as the economics in some of the larger cities are less feasible. From our perspective as a dominant landlord and operator, the supply will regulate itself as new developments are now more difficult to carry out – with the land prices, incentives and debt terms pressuring equity returns. As the ma
Already have an account? Log in
84% of content remaining
Unlock full access to the edition
PLN
EUR
EurobuildCEE magazine
Access to EurobuildCEE edition online & flipbook
Current edition
Annual subscription
You save 23% when paying annually
Monthly on one device. Annual payment
Monthly on one device. Monthly payment
Choose
Access includes
  • Access to EurobuildCEE magazine edition online & flipbook version
Most popular
EurobuildCEE magazine & online subscription
Access to all EurobuildCEE materials
Monthly
Annually
You save 17% when paying annually
Monthly on one device. Annual payment
Monthly on one device. Monthly payment
Choose
Access includes
  • Access to EurobuildCEE magazine edition online & flipbook version
  • Exclusive news, comments, articles and interviews with the most important market representatives and experts
  • Archive containing data and information from the commercial real estate and construction market in Poland and the CEE region, collected over 27 years;
  • Eurojobs
  • Eurobuild FM

Categories

Your order
Your data
Number of access accounts
Each account provides independent access on one device. You will be able to create additional access accounts in the account settings.
Invoicing data
Order summary
Net price
Access accounts #
Net order
VAT (%)
Gross order
Payment security is ensured

Don`t miss out the current edition