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The City - October 2011

The City - październik 2011

Changes are coming

The real property sector is important for the entire economy. When the business world is looking with apprehension at the events in Greece, Italy and other countries with poor economic results and high budget deficit, what happens in the industry is even more important. According to its representatives, in these uncertain times, a judicious investment in commercial property seems to be an excellent idea.

Currently, Poland is one of the largest office space markets in the region. Well-qualified personnel, employment costs lower than in the case of our western neighbours and good location make Poland a perfect place for many business service centres. We reached the situation, in which class A+ office buildings are located in historical buildings as well . Interesting history and architecture and good location are advantages willingly used by companies which want to emphasis their prestige by moving to such buildings.

Owing to a good location, the warehouse market is developing as well. The situation in the shopping centre sector is stable. The hotel market is developing, including high quality holiday property which is becoming increasingly interesting for inventors. Retail parks, which complement the offer of traditional shopping centres, are becoming increasingly popular owing to the developing road infrastructure.

The nearest months will show how the situation of the global economy, and consequently of the Polish commercial property market, is going to develop. Certainly, many things will change.

CONTENT

FACE TO FACE
IDEA WORTH MILLIONS
In the future, we will have new technologies, new concepts, new lifestyle - believes Yann Guen, Mayland Real Estate Managing Board Member……………46

RETAIL PARKS
PARK AND BUY
According to managers and developers’ observations, the Poles increasingly often choose retail parks as places to spend money in. ………..50

FACE TO FACE
A SHOPPING CENTRE IN A SMARTPHONE
On the future of the industry faced with new technologies and the influence of shopping centres on cities, we talk with Stephen Pragnell, the founder and former president of PRCH and an expert on the shopping centre market. ……..55

OFFICES
NEW OFFICE BUILDINGS IN HISTORICAL LOCATIONS
The situation of historical monuments is improving thanks to their commercialisation. It stems from the fact than not all tenants are looking for ultramodern office spaces separated with plaster walls. Some of them want to find a location with a 'soul', which functions in great surroundings. ......... 58

FACE TO FACE
IN VARIOUS SHADES OF GREEN
We talk with Nicklas Lindberg, Managing Director of Skanska Property Poland, about the plans of the company, creating sustainable trends in the commercial property market and the Skanska’s colour palette. ........ 62

WAREHOUSES
A “TAILOR MADE” WAREHOUSE
There are a few factors resulting with the increased interest of the Polish market in build-to-suit projects. Requirements of tenants, decreased demand for warehouse space due to the crisis – these factors make BTS warehouses a subject of a heated debate. ........... 64

NEWS
……………67

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