The future is L-shaped

The annual meeting of the luminaries of the region’s commercial real estate sector took place on November 22nd 2017 in Warsaw. The event, which was hosted by Ewa Andrzejewska, the editor-in-chief of Eurobuild Central & Eastern Europe magazine, was opened by a discussion panel on the investment market entitled ‘Back to health?’ moderated by Mira Kantor-Pikus of Cushman & Wakefield. The panellists agreed that we have another very good year ahead of us. But there were a few ‘buts’. Mark Robinson of Colliers International and Robert Dobrzycki of Panattoni Europe emphasised that the Polish market is still dominated by foreign companies. In the Czech Republic, in contrast, domestic capital is strong. Mateusz Siejka of Arcona Capital Poland pointed out that interest is growing in opportunistic products due to the aging assets on retail markets. Banks will be competing to finance the most attractive purchases and development projects because, as the two re