Speaker

Mr. Marcin Juszczyk

Managing Partner Capital Park sp. z o.o.

Managing Partner and Vice President of the Board of Capital Park Group with over 20 years of professional experience in the real estate sector and with over 10 years experience in running of the company listed on Warsaw Stock Exchange (WSE:CPG).  Played strategic roles in Capital Park since its formation in 2003, starting as CFO and then as Head of Investment Department since 2006. Within Management Board responsible for areas of strategic business development, M&A, joint ventures, and finance areas. Took part in over 100 transactions involving properties across Poland, secured over €700m in bank financing and raised over €100m in bonds and shares issues on Polish capital market. Local partner to leading Private Equity Real Estate fund managers such as Patron Capital Partners and Madison International Realty on the Polish market. Developer of Norblin Factory in Warsaw - the winner of ULI European and Global Awards for Excellence in 2022.   Before joining Capital Park - CFO in Communication One Group / Call Center Poland SA – a leading Polish call/contact center outsourcing group. Until 2001 worked as management and information systems consultant and project leader.  Member of the REIT Poland Association, the Polish Chamber of Commercial Real Estate (PINK) and the Foundation for Education and Research on REITs. Chairman of Urban Land Institute in Poland since October 2023. 

Speaking at

Tue 11 Jun 5:00 PM — 6:30 PM (GMT+01:00) Amsterdam, Berlin, Bern, Rome, Stockholm, Vienna Via Monte Rosa 91, Via Monte Rosa 91

Operational Real Estate Forum (limited capacity, pre-registration required)

Philipp Braunfels, Jamestown Europe GmbH

Mr. Carl-Johan Collet, Fokus Nordic

Mr. Marcin Juszczyk, Capital Park sp. z o.o.

Mr. Simone Pozzato, Hines Europe Ltd

Valentina Shegoyan, OPREIM

Mr. Jakob Stoumann, LifeX

Ms. Rebekah Tobias, Independance Ventures

Type In-person

ULI Forum: Operational Real Estate

Active real estate asset management is for the foreseeable future the likely driver of real estate returns. Operational properties are a particularly interesting segment of active asset management with returns being more aligned with and dependent on the operation of the business carried out within the building, often resulting in higher rents with some variable component. The operational alignment means that specialist skills are required to manage these real estate assets, often handled by operator-driven real estate platforms, specialized within subsets of real estate and focused on tightly segmented customers categories. A combination of brand, digitally born business models, service along with assets designed for these customer categories means that the customers will pay a higher rent for this space.

To get the correct design for an operational asset requires exceptionally close co-operation with an operator. But after commissioning, these assets can also deliver much higher capital values and rental growth. The high capital values allow net zero capex needed for stranded assets to be delivered with good profitability.??A financially viable project that complies with zero carbon needs efficiency of design (a capital item) as well as efficiency of operation (a revenue item). The latter implies constant re-commissioning, tenant engagement, the development of tenant apps and so on. This explains why the right operator can command a rental premium.

Investment managers will need to consider very carefully whether they wish to become operators themselves and whether they want to start up their own platforms or acquire existing ones.

Speakers:

Valentina Shegoyan, Founding Partner, OPREIM,

Carl-Johan Collet, Chief Investment Officer, Fokus Nordic

Simone Pozzato, Managing Director and Fund Manager, Hines

Marcin Juszczyk, Managing Partner, Capital Park Group

Rebekah Tobias, Founder and MD, Independence Ventures?

Mr. Marcin Juszczyk

Managing Partner Capital Park sp. z o.o.

Speaking at

Operational Real Estate Forum (limited capacity, pre-registration required)

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