PL

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

Eurobuild CEE

Poland Eurobuild CEE for January and February!

schedule 22 January 2025
Eurobuild CEE

The latest, optimistic issue of Eurobuild CEE is now available! Make sure you don't miss it! 

Investment & finance

Czech Republic Max has bought from Anatol

schedule 22 January 2025
Opr./edited by JC

The Myslbek office and retail complex on Prague’s centrally located Na Příkopě street has been purchased by Max Realitní Fund. The property was acquired from Anatol Invest Holding.

Warehouse & industrial

Poland Valmet Automotive's factory in Żary is growing

schedule 22 January 2025
Opr./edited by ANZ

Panattoni and Valmet Automotive, a supplier to the automotive industry, have officially inaugurated the expansion of the factory in Żary. On 21 January, the foundation stone was laid for the construction of an 8,800 sqm BTS facility.

Warehouse & industrial

Poland TVH leases a warehouse in Silesia

schedule 22 January 2025
Opr./edited by JC

TVH, a global supplier of parts and accessories for material handling, industrial, construction and agricultural machines, has leased nearly 17,000 sqm of space at Prologis Park Ruda Śląska.

Office & mixed-use development

Germany Timber Factory is set for construction

schedule 22 January 2025
Opr./edited by JC

Timber Factory – the building complex by UBM Development and ARE Austrian Real Estate – will be Munich’s first commercial campus in a timber hybrid design, with approx. 59,500 sqm of GFA. Building is scheduled to begin in the Q3 of 2025.

Office & mixed-use development

Poland The law firm SPCG has chosen Infinity

schedule 22 January 2025
Opr./edited by ANZ

The law firm of attorneys and legal advisers Studnicki, Płeszka, Ćwiąkalski, Górski has joined the group of tenants in Wrocław's Infinity office building. The firm has leased over 350 sqm of space. The opening of the new branch of the SPCG law firm is scheduled for August 2025.

Investment & finance

Germany Invesco has bought a brownfield

schedule 22 January 2025
Opr./edited by JC

Invesco Real Estate has acquired a post-industrial site in Bruchsal for Invesco Real Estate Europe Fund III. The 80,000 sqm site will be revitalised in cooperation with Propel Industrial.

Warehouse & industrial

Poland Four new tenants at MDC²

schedule 22 January 2025
Opr./edited by ANZ

MDC², which is developing the MDC² Park Kraków South warehouse complex in Skawina near Kraków with investor Generali Real Estate, has signed four leases for a total of nearly 16,000 sqm. The companies have taken warehouse and office space.

Office & mixed-use development

Poland Atlas Ward is responsible for the redevelopment of V Tower

schedule 21 January 2025
Opr./edited by ANZ

Atlas Ward appointed as general contractor for the redevelopment of V Tower. The green modernization of the office building at ul. Chmielna in Warsaw has entered its decisive phase. The work began in January and is scheduled to be completed by the end of August.  

Warehouse & industrial

Poland InterPadel is the first tenant at MLP Business Park Poznań

schedule 21 January 2025
Opr./edited by ANZ

MLP Group has signed a lease agreement with a company operating a network of padel centers  in Poland. InterPadel will occupy approx. 2,800 sqm of space at MLP Business Park Poznań. The facility is scheduled for handover in December 2025. 

Warehouse & industrial

Germany Bravobike shifts into high gear

schedule 20 January 2025
Opr./edited by JC

Garbe Industrial Real Estate has concluded a rental agreement with Bravobike in Kabelsketal (Saale district, Saxony-Anhalt). The company will use a total area of approx. 23,500 sqm.

Office & mixed-use development

Poland PFR is staying in Cedet

schedule 20 January 2025
Opr./edited by JC

Companies from the PFR group, including Kuke, remain tenants of Cedet in Warsaw. The companies use a total of 9,500 sqm in the office building.

Investment & finance

Poland The French are shopping in Poland

schedule 20 January 2025
Opr./edited by JC

At the beginning of 2025, Remake Asset Management made its debut in Poland. We received exclusive commentary on the matter from Julien Lamy of Remake and Błażej Czwarnok of the Gide law firm.

Office & mixed-use development

Poland Some Oxygen for Grupa Transportowa

schedule 20 January 2025
Opr./edited by JC

Grupa Transportowa has joined the group of tenants of Oxygen Park. The new Warsaw branch of the company is located in nearly 200 sqm of office space on the ground floor of Building B.

Land acquisitions

Serbia CTP purchases land in Kragujevac

schedule 17 January 2025
Opr./edited by ANZ

CTP has strengthened its presence in Serbia with the acquisition of a significant parcel of land which will provide 50,000 sqm of lettable space in Kragujevac. 

Office & mixed-use development

Poland Grundmanna Office Park has a new tenant

schedule 17 January 2025
Opr./edited by ANZ

IT company Sopra Steria Polska will change its Katowice address in 2026. The company has signed a lease for 4,000 sqm of office space in the Grundmanna Office Park A building, owned by Cavatina Holding.

Office & mixed-use development

Poland Cushman commercialises Equal Business Park

schedule 16 January 2025
Opr./edited by ANZ

Cushman & Wakefield has been appointed as sole letting agent for three buildings of Kraków’s Equal Business Park, owned by funds managed by Apollo-Rida. 

Warehouse & industrial

Poland Construction works start on City Point Okęcie

schedule 16 January 2025
Opr./edited by JC

The joint venture between Partners Group, acting on behalf of its clients, and Peakside Capital Advisors announces the start of construction for City Point Okęcie. The urban logistics facility, spanning over 11,000 sqm, will be strategically located near Warsaw Chopin Airport.

Office & mixed-use development

Poland Matarnia Office Park is fully leased

schedule 16 January 2025
Opr./edited by ANZ

The Matarnia Office Park office complex in Gdańsk has been fully leased. The two buildings together offer more than 5,000 sqm of space. The facility belongs to the Domesta company, which is part of the Inpro capital group.

Investment & finance

Germany ECE Work & Live sells another logistics centre

schedule 16 January 2025
Opr./edited by ANZ

The state-of-the-art logistics centre near Heilbronn, Germany, which is spread across two buildings and fully let, was bought by a logistics fund of Axa IM Alts. The transaction was signed shortly before the turn of the year and is to be closed shortly.

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

Last week, Nordbygg, Northern Europe’s biggest trade fair for professionals in construction and real estate industry, took place at Stockholmsmässan in Ävsjö, Sweden. 35,000 visitors attended which, combined with the 5,000 people on the stands, gives a total of 40,000 participants. New features for Nordbygg 2024 included the strong involvement of the City of Stockholm and a popular online app.

schedule 04 April 2024

Excellent Fern at Off Piotrkowska

Intensive commercialization of the multifunctional Fern building under construction at Off Piotrkowska Center has begun. A modern building, the construction of which will start at the turn of 2024/2025, offers 4,700 sqm of service space and 2,700 sqm of office space.

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!

We would like to invite you to the meeting: "Explore Silesia: Where Economic Resilience Meets Opportunity!", held at MIPIM this Wednesday. Silesia and its metropolise are one of the fastest growing and most innovative regions in Europe. During the discussion, the roots of its success and specific future prospects will be discussed.

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

Michał Ptaszyński, Country Manager Poland, Logicor, tells us optimistically about the future of the logistics industry in Poland, the company's upcoming investment plans and explain why it is worth cooperating with local communities

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

Read flipbook version

Edition 1 (295) January 2025

Latest comments

Categories

Log in

Forgot your password? Reset password

Your order

Your data
Invoicing data
Order summary
Net order
VAT (%)
Gross order
Already have an account? Log in
Payment security is ensured