In this presentation by Franz Jurkowitsch, the CEO of Warimpex, an established Austrian family company listed on the Vienna and Warsaw stock exchanges, details were laid out regarding the firm’s current endeavours and future strategies.
Here’s a comprehensive breakdown of the presentation:
Real Estate DevelopmentsWarimpex operates predominantly in Poland, Germany, Hungary, and Russia, developing real estate exclusively for its asset portfolio.
The current projects include:
New office buildings in Krakow and BudaA report-hotel with surrounding land for commercial development in GermanySignificant office infrastructure in Hungary and RussiaAn upcoming office space in Krakow is set to be unveiled this October
Specialized Focus AreasWarimpex takes pride in its specialized focus on offices while leveraging experience in hotel and retail spaces. They have introduced a revolutionary “flex office” concept, which represents 15-20% of each office building, offering flexible renting solutions with contracts that feature shorter maturities, thus catering to the changing demands of the modern business landscape.
Co-living and Co-working SpacesThe company sees a significant trend towards flexible living and working solutions. Hence, they are venturing into developing co-living spaces, with projects underway in Darmstadt and Krakow. Their co-working units, rather than traditional ones, prioritize reflex offices, providing a favourable environment for corporate entities looking for customizable lease durations and well-designed spaces.
Centralized Office LocationsWarimpex believes in establishing office spaces in city centres rather than satellite locations, foreseeing that the need for more informal contact spaces will grow, given the rise in remote working trends. The firm envisages a shift in office layouts to foster informal networking and exchange of ideas, making the communal kitchen and lobby the new hubs for idea incubation.
Growth and TransparencyThe strategic plan involves a year-on-year asset growth of 10,000 to 20,000 square meters of office space, ensuring a transparent operation leveraging their listing on the stock exchanges, which helps portray quarterly results to the investors and builds trust with financial partners.
Future ProspectsThough the company holds a substantial presence in Russia, it is momentarily on hold regarding future developments there, keeping a close eye on the evolving situation. Meanwhile, they are bullish on the opportunities in Poland, Germany, and, to some extent, Hungary.
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