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40 (135) 2019
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Editorial Note

Editorial note

by Michael Dembinski, chief advisor and Dorota Kierbiedź, membership director BPCC
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Welcome to the October 2019 issue of Contact Magazine Online. In this edition, we focus on Polish real estate and construction – an important driver of the Polish economy, and an integral part of any business in whichever sector it operates. How does the market look now – and what are the prospects in the short- and medium term? What are the trends influencing its development?

Tomasz Trzósło, CEO of JLL in Poland talks to the BPCC’s Michael Dembinski about the Polish real estate market, an overview setting out the main themes touched on in the articles (below). He also talks about the experience of JLL in locating its EMEA Centre of Excellence to Warsaw, which now employs 1,000 people.

Construction

Piotr Staniszewski, partner, Real Estate Poland, Dentons looks at the conundrum of why Poland’s construction sector is enduring bankruptcy and insolvency while public- and private investment is pouring into the sector in record amounts. The reason – Polish construction contracts are still lump-sum based; the inflexibility means that all cost-upside risks are passed onto the contractor. Janusz Allina, property consultant, Gleeds Polska, makes a heartfelt plea to the construction sector to think about the planet a bit more when putting up new buildings. Martin Hyams, director, AHR, considers how the value of a building is often difficult to assess or quantify, and how architects seek to add to that value. Howard Bates, whose design studio has carried out interior design for Vastint, says the office lobby needs to be redesigned for the collaborative era. Bartosz Zamara, operations manager, Europtima, looks behind the Construction 4.0 slogan and analyses why the construction sector lags behind manufacturing industry when it comes to efficiency gains, while Michał Zając, BIM manager /senior architect at Blue Projects, looks at how the design process is being revolutionised by technology – for those who want to benefit from it. And flooring specialist Flowcrete CEE has chosen to open its new R&D facility in Warsaw.

Investment

Andrzej Gutowski, associate director, Green Building Certification, Colliers International sets out the need for developers, letting agents and tenants to consider the well-being of office workers that will one day be using new buildings. It’s good to build green, but health can be built into offices from the outset. Magdalena Oksańska, head of property management compliance, Knight Frank, looks at which operating costs are likely to end up being paid by tenants – rising energy prices, collection of non-segregated waste, new forms of taxation and costs of marketing activities – who will end up paying these – the landlord or the tenant? Essential reading for anyone managing an office! Grzegorz Chęciak, senior business development manager at Transformation, discusses out the most common pitfalls associated with office renovations. Marek Michalik, president of the Łódź Special Economic Zone, looks at the changes in the laws relating to investments in SEZs in Poland, and assesses how they have improved the attractiveness to investors.

Sectoral overviews

Marta Mikołajczyk-Pyrć, head of retail property management, Property & Asset Management department, Savills Poland, considers the latest trends in shopping centres across the Polish market, and how technology and social shifts are changing the face of retail. Robert Kaminski, director of Warsaw Studio, Broadway Malyan, looks at how food courts in shopping centres – an improved gastronomic offer can do much to boost footfall in Polish malls. Wojciech Zebura, director, head of Warsaw, Nuvalu, considers the price-quality equation as the crowning argument for why Poland is an attractive location for office investment. Spaces, asks how productive is commuting, and offers alternatives to wasting time stuck in traffic. Meanwhile, a successful office developer, Mix Group, is now branching out into high-end residential projects – is this a new trend? Kinga Odziemek from Resi4Rent, charts the changing residential needs of the younger generations that are beginning their careers. She believes that more properties for the rental market will be needed to meet the demand.

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