Orange Polska conference – “Reactivation of real estate. Reactivation as a strategy.”

Capital, technology and the user are three pillars that are increasingly shaping the direction of the real estate market. During the “Reactivation of real estate. Reactivation as a strategy.” conference organised by Orange Polska, we discussed financing the modernisation of existing assets in the context of high capital costs and a changing macroeconomic environment.

The event included several discussion panels devoted to the practical aspects of property transformation – from market experience and financing of modernisation projects to the challenges of preparing and implementing investments 🏗️

The panel “How to Finance Property Modernisation?”, moderated by Marek Zuber, focused on why the modernisation of older buildings is increasingly becoming a more conscious investment choice and how it affects financial decisions. We discussed examples of revitalised projects such as ŁÓDŹ.WORK, F.S.O. PARK, BOHEMA – Strefa Praga and PRESTIA, as well as how banks and investors approach the financing of the purchase and adaptation of older buildings and whether public-private partnerships in revitalisation actually exist. The discussion was joined by Magdalena Luks – BNP Paribas, Joanna Szafranek – OKAM and Mira Kantor-Pikus, MRICS, Executive MBA – Cushman & Wakefield.

As Joanna Szafranek, CFO of OKAM, emphasised 💬“The transformation of existing assets is a time-consuming process and a significant challenge for developers. In practice, the risks often ultimately lie on the private investor’s side, which means that given current business alternatives, modernisation projects carried out in a public-private partnership model remain very challenging”.

We would like to thank all conference participants, and especially Wioletta Fabrycka, for the invitation to join the discussion and look forward to future events!