Poland It's a comfortable life

Material partner
Ziv Zviel, the CEO of Atlas Estates, tells ‘Eurobuild’ about the company’s plans for the residential sector, top investments and the future of the market

Recently, your company bought a plot for a residential project in Warsaw’s Białołęka district. Could you give us some more details about this?

The new project is located on a plot of app. 4 ha, where ten intimate residential buildings are to be built. Most of these carefully designed apartments will have 3–4 rooms, each with their own parking spaces in the underground car park. The cascading design, of 3 to 4 storeys, is ideal for buyers who value comfort. The entire estate is designed to provide a large amount of space and a range of amenities for its residents. We want to create a project for more demanding and sophisticated people who value qual- ity and a comfortable life. The existing trees on the plot and the potential rede- velopment of the Kanał Żerański canal (as laid out in the plans of the local authorities) will ultimately add significant value to the estate.

You are known mainly for projects in the premium segment – Platinum Towers on ul. Grzybowska and the Hilton hotel on the same street in Warsaw, as well as residential estates in the city’s Wola, Mokotów and Żoliborz districts. How does your latest project fit into these investment plans? Or maybe you are tempted by the boom in PRS?

We will definitely continue to focus on high-quality products – the plot I was talking about is situated in Białołęka, in a great location near Kanał Żerański and surrounded by forest. We want to use these natural advantages offered by the location to create a modern and friendly place to live for people looking for comfort and who appreciate a comfortable life guaranteed by high quality buildings. Our project will be a premium investment addressed mainly to families who are looking for larger residences.

Are you going to focus only on Warsaw, or is it also possible to expand further afield? And is there still any room left for profitable residential projects on the Warsaw market?

Currently, we are focusing on the War- saw market, which we know best; but as for Atlas’s future plans, I haven’t ruled out the possibility of expanding our activity to other large cities, such as Kraków, the TriCity, Wrocław and Poznań. At the moment we are actively looking for devel- opment sites in Warsaw and intend to significantly increase our land bank over the next few months.

What advice would you give to people planning to buy real estate? Which residential product provides the highest returns for an individual investor?

Any investment in residential real estate usually has a long time horizon, and in- vestors expect not only to receive monthly income from renting out a flat, but also an increase in the price of the property. Investors should carefully analyse the de- tails of their business plans and consider a number of ‘what if’ scenarios, as I advise investors to be prepared for any adverse turn of event, such as falling rental in- come or a depreciation in the value of their investment. In this respect, I also advise investors not to take out a loan with a value exceeding 60–70 pct of the apartment’s value, since a high LTV ratio will result in high interest payments and a higher risk of not being able to meet your obligations towards the lending bank.

Finally, we would like to know your personal point of view on the direction in which housing prices are moving. Considering the recent price increases, do you think that there is still any room for them to grow further?

This is a really difficult question because I don’t have a crystal ball, and such forecasts depend on many factors, some of which are global. However, I can see that, especially in large cities, planning processes still take a long time and the supply of land for development is limited. At the same time, the demand is increasing, as people want to be close to the amenities that big cities offer. This means that in order for housing prices to fall, the market would have to undergo some drastic, fundamental changes.

Latest news

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Germany ECE takes Gesundbrunnen Center to new heights

schedule 04 February 2025
Opr./edited by JC

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schedule 04 February 2025
Opr./edited by ANZ

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Romania NRF joins MLP Bucharest West

schedule 04 February 2025
Opr./edited by ANZ

MLP Group has signed a lease agreement with a provider of automotive replacement parts and industrial cooling solutions. At the MLP Bucharest West logistics centre, the tenant will occupy a total of 20,100 sqm of warehouse and office space. The facility is set to be completed and handed over in November 2025. 

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schedule 04 February 2025
Opr./edited by JC

GTC has finalised the disposal of a plot in Warsaw’s Wilanów district for EUR 55 mln as well as the Matrix C office building in Zagreb for EUR 27 mln.

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Romania Lucky seven for M Core

schedule 03 February 2025
Opr./edited by JC

MAS has sold its strip mall portfolio in Romania to M Core Group. The transaction includes seven assets with a total GLA of approx. 32,000 sqm, located in Slobozia, Focșani, Râmnicu Sărat, Târgu Secuiesc, Sebeș, Făgăraș, and Gheorgheni.

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Poland Wronia 31 gets a new owner

schedule 03 February 2025
Opr./edited by JC

Uniqa Real Estate Management has purchased the Wronia 31 office building in Warsaw from LaSalle Investment Management.

Hotels

Slovakia Alfa Group builds a hotel in redeveloped Bratislava Harbor

schedule 31 January 2025
Opr./edited by ANZ

Hungarian Alfa Group is planning a EUR 36 mln investment project with a hotel function. The project will be located in the redeveloped port on the Danube in Bratislava.

Warehouse & industrial

Slovakia P3 strengthens its presence in Slovakia

schedule 31 January 2025
Opr./edited by ANZ

P3 Logistic Parks has acquired an existing park and adjacent land near Nové Mesto nad Váhom, in Považie region of Slovakia.

Office & mixed-use development

Poland Office development activity focuses on the central areas

schedule 31 January 2025
Opr./edited by ANZ

The year 2024 saw a period of stabilisation in the Warsaw office market, with an increasing concentration of new supply in the city centre and a high proportion of lease renegotiations. Key market drivers in 2025 will include the limited availability of large office spaces, the growing importance of ESG criteria, and the continued expansion of flexible office solutions, according to  Axi Immo's latest market report, Office Market in Warsaw 2024.

Office & mixed-use development

Poland Modernisation on an XXL scale

schedule 30 January 2025
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Warehouse & industrial

Germany Panattoni builds on brownfield site near Munich

schedule 30 January 2025
Opr./edited by ANZ

Panattoni is building a logistics centre for Repa in Unterschleißheim near Munich. A 32,600 sqm building will be constructed on a 54,400 sqm plot.

Office & mixed-use development

Poland Arup stays in Korona

schedule 30 January 2025
Opr./edited by JC

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Office & mixed-use development

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schedule 30 January 2025
Opr./edited by JC

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Investment & finance

Germany Patron Capital and Inbright acquire two new properties

schedule 30 January 2025
Opr./edited by ANZ

Patron Capital and its partner Inbright have acquired two new properties as part of their light industrial programme, which is aiming to create a EUR 250 mln portfolio of sustainably focused light industrial assets in key locations across Germany.

Events

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schedule 29 January 2025
Opr./edited by ANZ

Two projects by the Echo-Archicom Group have made it to the final of the MIPIM Awards. Łódź's Fuzja and Warsaw's Towarowa22 are the only Polish investments nominated in this year's edition.

Land acquisitions

Sweden Panattoni enlarges its  Swedish portfolio 

schedule 29 January 2025
Opr./edited by ANZ

Panattoni has acquired two properties near Gothenburg, Sweden. The brownfield sites will be replaced by a modern 43,000 sqm facility.

Warehouse & industrial

Niemcy Between Cologne and Frankfurt

schedule 29 January 2025
Opr./edited by JC

P3 begins construction of the P3 Pfalzfeld logistics park. The facility will have 23,000 sqm.

Warehouse & industrial

Germany Garbe secures site near Hildesheim

schedule 29 January 2025
Opr./edited by ANZ

Garbe has acquired a plot of land measuring around 32,000 sqm in Bockenem, around 20 km south-east of Hildesheim. A logistics centre with a total area of approx. 18,500 sqm is to be built on this site. The total investment volume amounts to around EUR 23 mln.

Investment & finance

Germany Lombardhaus changes hands

schedule 29 January 2025
Opr./edited by JC

Sonar Real Estate, acting as transaction manager and commercial advisor, has successfully completed the sale of Lombardhaus office building located at Pelzerstraße in Hamburg.

Investment & finance

Poland Develia buys central Wrocław site

schedule 28 January 2025
Opr./edited by ANZ

Develia has bought a 0.32 ha plot on ul. Orląt Lwowskich in central Wrocław from the Puro Hotels financial group for PLN 40.6 mln. The developer now plans to develop a student dormitory with around 600 rooms and two service units on the site.

Latest in Material partner

schedule 07 October 2024

Brownfield rather than greenfield – a model for sustainable development at City Point Targówek

Contemporary cities are grappling with the challenge of fostering dynamic growth while alleviating environmental pressures. Traditional infrastructure expansion often requires the development of greenfields, with adverse impacts on both local ecosystems and communities. A sustainable alternative is to revitalise brownfield urban sites, as exemplified by City Point Targówek, a project led by Peakside Capital Advisors.

schedule 02 May 2024

Nordbygg 2024: Many innovations and strong interest

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schedule 04 April 2024

Excellent Fern at Off Piotrkowska

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schedule 21 March 2024

New opportunities emerge in uncertain times

Over 20,000 delegates representing 90 countries gathered in Cannes for the 34th edition of MIPIM, the global urban festival that brings investors, political leaders and the real estate community together to facilitate relationships and find solutions to the challenges facing the built environment.

schedule 07 March 2024

Silesia invites you to Cannes!

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schedule 12 February 2024

Challenges accepted at MIPIM!

The premier real estate fair of the year is now fast approaching! On March 11–15th, at its usual grand venue of the Palais des Festivals in Cannes, MIPIM will welcome delegations from more than 90 countries to take part in an extended four-day programme of speeches, panels, awards and networking

schedule 15 November 2023

In business, we focus on long-term partnerships

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schedule 29 September 2023

Łódź invites you to Munich!

We cordially invite all guests of this year's Expo Real to the events organized at the stand of the Łódź City Hall, "Eurobuild" will also be there as a media patron.

schedule 25 September 2023

Grounded in experience

Justyna Cymerman, the head of the urban planning department of land transaction consultancy Greenfields, and Michał Różycki, its director of the land department – living sector, tell us about the company’s greatest achievements, the state of the market, and what needs to happen next to tackle the housing shortage

schedule 06 July 2023

A solid relationship for years

Operational and financial systems supporting property managers are constantly expanding and changing to keep up with changing market needs. Good relationships between providers and users of these systems and a willingness to face challenges together remain invaluable.

schedule 13 April 2023

Land is the key to success but requires skills

Warsaw is one of the most affordable capitals in the European Union to live in. In order to maintain its competitiveness, it is crucial to expand the availability of plots

schedule 22 December 2022

Biuro Na Miarę - more comprehensive, across Poland

The company has been strengthening its position on the commercial real estate market as a specialist consultancy providing comprehensive tenant and landlord services.

schedule 02 August 2022

New ESG Report – Atrium

Atrium European Real Estate has published its 6th ESG report summarising the company's achievements in 2021. The report details the key initiatives involved in the implementation of the its ESG strategy. The company has set new and even more ambitious medium-term targets for 2030, which include a 40 pct reduction in the carbon footprint of its shopping centres by 2030, compared to 2019 levels. By 2050, Atrium wants to have become a carbon-neutral organisation.

schedule 15 June 2022

Power is in people

SKJB Szybkowski Kuźma Jeleń Brzoza-Ostrowska is a Polish boutique legal practice that’s not only celebrating its 5th birthday this year but also its listing on the Legal 500 ranking.

schedule 04 April 2022

Coworking in Atlas Tower

In the times of uncertainty due to the pandemic situation worldwide and restrictions connected with that, co-working spaces and offices are gaining more and more popularity amongst potential tenants. Flexibility of renting terms plus tax law support for new entrepreneurs are things highly needed for small and medium businesses and these come in handy when cooperating with Twój Startup foundation.

schedule 22 March 2022

Tricity attracts with its Scandinavian climate

It will soon be two years since the first COVID-19 cases appeared in Poland. What can be said about the current condition of the office market in our country?

schedule 01 February 2022

How to return to the office in good health?

Skanska has recently carried out its third survey on the return to the office in four countries – Poland, Romania, the Czech Republic and Hungary. While previous studies have focused on the needs of employees and their expectations of offices in the new reality, this time Skanska has focused on the impact that the pandemic has had on the employees’ mental health and well-being.

schedule 08 November 2021

Sustainable attraction

"Our research shows that 65 pct of employees in the CEE region want to work in a certified sustainable office. We expect that tenants will opt to migrate to new buildings that suit their needs better", admits Paweł Warda of Skanska Commercial Development Europe

schedule 20 October 2021

MAPIC returns to Cannes

MAPIC 2021 will be held at the Palais des Festivals from Tuesday, the 30th of November, to Thursday, the 2nd December, 2021

schedule 31 August 2021

It's a comfortable life

Ziv Zviel, the CEO of Atlas Estates, tells ‘Eurobuild’ about the company’s plans for the residential sector, top investments and the future of the market

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Edition 1 (295) January 2025

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