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The City - June 2012

Economy clashes ecology

We are nearing the summing up of the first half of the year on the commercial real estate market in Poland and it is safe to say that it was not a worse time than the previous two quarters. New projects are still being planned, developed and halted – as they always have been on the market - nihil novi. Some are better in dealing with it, others are worse, yet what is significant is the fact that most companies in the market have not followed popular media information about the oncoming crisis and they are still deciding on starting new investments.

The previous issue of „The City” dealt with the situation of green building and certification of buildings in the office sector, where it has become pretty much a standard. This time we will look at the Polish retail market which is slowly starting to become interested in ecological certificates. Also with regard to sustainable building we talk to Andrzej Sidorowicz and Marek Moskal from JEMS architekci studio about LEED and BREEAM certification systems and designing “green buildings”.

In this issue, we analyse the supply of and demand for modern office space in smaller cities in Poland. It is also worth noting that in the last month, the stock of shopping centre space in Poland increased by 90,000 sqm, and by almost 180,000 sqm since the beginning of the year. The question arises where else retail schemes can be built? And whether there is still place for them in large agglomerations and cities with over 100,000 inhabitants?

Another interesting topic is the article concerning minimising legal risks when restoring historic listed buildings.

 

CONTENTS

SHOPPING CENTRES      
The retail industry starts pursuit for certificates
Investors in office buildings came up with this idea a few years ago, while companies in the retail sector are exploring the area. For almost 400 shopping centres operating in Poland, only a dozen or so may boast an ecological certificate......…………42
SHOPPING CENTRES
Less and less space in smaller cities
The Polish shopping centre market is becoming more and more mature what is also related to its increasing saturation. The problem no longer affects only the largest agglomerations in the county but also smaller cities....……………46

SHOPPING CENTRES
Where to build shopping centres?
Last month  the supply of shopping centre space in Poland increased by 90,000 sqm, and since the beginning of the year by nearly 180,000 sqm, which is over 40 percent of this year’s total supply. The question therefore arises where else retail schemes can be built? …………49

 OPINION COLUMN
Limitations and legal risks associated with revitalisation of historic sites
Investing in historic sites is gaining popularity but since it entails numerous limitations and risks, it is not an idea for a simple business. Historic sites need conscious investors who bear in mind not only business but also social and cultural aspects of projects.……….52

FACE TO FACE
Green buildings, or how economy clashes with ecology
We talk to Andrzej Sidorowicz and Marek Moskal from JEMS architekci studio about LEED and BREEAM certification systems and designing "green offices".…….53

NEWS
……………………56

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