A true trendsetter

The net profit that Ghelamco has generated of EUR 500 mln over the last decade is the best evidence there can be that it hasn’t been wasting any of its time. Over this period the company has developed thirteen projects and sold eleven (353,700 sqm of real estate) for more than EUR 1.3 bln combined. “We have had a very successful ten years,” beams Jeroen van der Toolen, the CEE managing director of Ghelamco. The decade, however, started with the market slowdown in the wake of the credit crunch. At that time Ghelamco was developing a number of projects in Warsaw’s Mokotów district, including Trinity Park III and Wołowska 24, as well as Crown Square near Rondo Daszyńskiego and (outside the capital) Katowice Business Point. “We were developing a lot of space in Mokotów in particular. Despite the global recession, all these buildings were leased and sold,” points out Jeroen van der Toolen. But what has brought the biggest change – to the compa