Treacherous waters ahead

The first panel of the day was a discussion about capital markets, moderated by Michał Mania, senior industrial investment director at JLL. On stage, he was joined by Michał Stanisławski, capital markets co-head of Panattoni, Anna Duchnowska, CEE investments managing director of Invesco Real Estate, Katarina Horváthová, head of CEE transactions and Czech Republic country head of Manova Partners, Grzegorz Mroczek, Cream Property Advisors’ vice-president, and Dominik Röhrich, head of CEE investment management at Catella AB. The conversation began with the fact that much of last year’s investment – both in Poland and across the EU – was driven by Czech capital. The representative of a Czech investor, Katarina Horváthová, told us that “Poland is one of the markets where, if investors are not there yet, they are definitely eyeing the market and are expecting to increase their volumes there.” The question for such investors, she said, was not how they were going to raise