“We have started to work with a fund that’s building a large apartments for rent portfolio. We believe that this is a market with a future,” – insist APP Projekt management board members Michał Małaszyński and Jacek Korwin-Małaszyński
Tomasz Cudowski, Eurobuild CEE: When was it that you realised that the pandemic was something serious?
Michał Małaszyński, management board member, APP-Projekt: The turning point for me was certainly when the MIPIM investment fair in Cannes was called off – it’s the most important event in the sector, which everyone is waiting if for all year. But prior to that, here in Poland the crisis only dawned on us slowly as the projects we were involved in were one by one put on hold. These projects were all at the design stage, but those that work had already begun on had to continue and somehow we managed to do this without too much trouble.
What has been the biggest challenge for you during the pandemic?
Jacek Korwin-Małaszyński, management board member, APP-Projekt: For sure it was the lack of fluidity in terms of moving from one project to another. Our company is structured so that one project leads onto another and they mesh together. Many of these were put on hold. So
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