On the hunt for product

Europolis' portfolio currently consists of five buildings in Warsaw, but the company is now looking further afield.

The total value of buildings managed by Europolis in Poland will amount to EUR 300 million (zł.1.17 billion) by the end of next year and the vacancy in their office buildings will reach 7.3 percent. All the buildings are located in the city center with three in the Central Business District. The company's share of the office market is seven percent.

"We bought six projects from five different developers," says Bartłomiej Hofman, managing director of Europolis Real Estate Assets Management. "Taking the experience from a few different companies you can create a much better product which will satisfy investors' needs." At present the company is still interested in acquisitions and is keeping a close eye on the retail and logistics front. "We have one scheme being worked on right now and we are hoping to announce it soon," says Hofman.

Hofman sees promising changes on the market. After a tendency to move out of the city center, the number of companies leasing office space in the central business district is back on the rise. Also, the fact that service providers are looking for larger offices indicates the economic growth of the country.