Change is on the horizon
Interview 300
Magdalena Szulc has been employed by Segro since the beginning of the company’s operations in the CEE region in 2005. She began her role in the company as a regional director. From 2008 to 2009, she held the position of country manager. Since 2009, she has been responsible for the company’s Central Europe operations as the managing director for Poland and the Czech Republic. She is responsible for implementing the company’s strategy based on the development and expansion of the logistics portfolio and industrial properties in key locations. Magdalena has over 20 years of real estate sector experience and holds an RICS certificate.
How would you assess the current state of the Polish commercial real estate market, particularly from Segro’s logistics sector perspective? What are the biggest forces shaping its direction?Magdalena Szulc, the Poland and Czech Republic managing director of Segro: Poland’s modern warehouse stock has now exceeded 34 mln sqm, and the market is gradually entering a phase of mature stabilisation. Our country’s central location on the map of Europe, combined with ongoing improvements in road infrastructure, has opened the door to dynamic growth in the logistics sector. We also benefit from competitive rental rates – especially compared to markets like Germany – as well as relatively lower labour costs. Another important driver of growth has been Poland’s economic development: the GDP per capita, which in 2004 was only 51 pct of the EU average, but reached 80 pct in 2024. Ultimately, it’s our clients and their evolving needs that have the greatest in
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