PL

Taking the plunge

Small talk
The shake-up of the real estate market post-Covid has led some developers to shift their focus. One of of these is Develia, which is turning to the residential and PRS markets. We spoke to Tomasz Wróbel, a member of the management board, on what the company is planning to sell and where it’s now casting its eye.
In your recently published five-year strategy, Develia announced that it was pulling out of the commercial market to concentrate on residential development and that as a result that you are preparing to sell off the family jewels. What assets are up for sale? Tomasz Wróbel, management board member of Develia Group, president of the board of Sky Tower and Arkady Wrocławskie: The most important is definitely Sky Tower – an iconic building in Wrocław. For the last two years we’ve been working to ensure that the complex is not seen just as a shopping gallery with apartments, but as a placemaking project, where people can meet – and we’ve been very successful in this. To ensure the building is better suited the situation on the market, we’ve converted some of the retail space into offices, which has leased very well. As a result our tower has lost none of its attraction. We’re also looking for buyers for our Wola Retro office building in Warsaw and fo
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