Globalworth internalises the property management of four properties in Poland

Globalworth Poland, the largest institutional landlord of office space in the country, has taken further steps to manage its Polish real estate portfolio in-house. Between December and January, the company took on the property management of Lumen and Skylight in Warsaw, West Gate in Wrocław, the A4 Business Park in Katowice and Tryton Business House in Gdańsk. Since the company entered the market, Globalworth has internalized gradually the property management of a series of buildings and now handles directly 250,000 sqm in only about one year, which constitutes almost 60% of its portfolio in Poland.

"The end of last year was very intense for us. In December we took over the property management of 72,000 sqm in three regional markets, namely Gdańsk, Katowice and Wrocław. We also set up in-house property management in the Warsaw Lumen and Skylight office buildings, purchased in the second half of December with a total area of ​​45,000 sqm, representing Globalworth’s largest single acquisition in Poland to-date. Both buildings are among the most prestigious properties in the Warsaw office market. As is the case with Złote Tarasy, they are an example of combined office, shopping and entertainment facilities. This is why establishing in-house property management for Skylight and Lumen, so soon after their purchase, has been a great success", comments Remigiusz Królikowski, Head of Property & Asset Management, Globalworth Poland.

In-house property management platform was initiated by Globalworth Poland in the first quarter of 2018. Within a year, the size of the asset & property management team has increased noticeably and now comprises 33 specialists, responsible for all real estate management operations.

"Internalised property management of our portfolio is one of our strategic business goals, allowing us to build even stronger relationships with the partners in our properties. Through the measures we have introduced we have become closer to the companies that operate in our buildings, enabling us to understand better and respond faster to their needs. In coming months we will, therefore, focus on introducing in-house property management elsewhere. We estimate that by the middle of this year, our internal property management team will manage over 80% of our portfolio in Poland. In addition, we are finalising the implementation of a tailor-made SAP Business One system, an advanced management and reporting tool", adds Artur Apostoł, Chief Operational Officer, Globalworth Poland.

Besides the office buildings added between December and January, Globalworth Poland currently also manages Hala Koszyki and Spektrum Tower in Warsaw, Wrocław’s Renoma and West Link office building, and Supersam in Katowice.

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Globalworth Poland

Globalworth Poland Real Estate N.V. (GPRE) is a pure-play Polish real estate platform listed since April 2017 on the Warsaw Stock Exchange. GPRE is majority owned by Globalworth, the leading CEE office landlord focused on Poland and Romania.

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