From flats to turbines: Why this developer is building a wind farm

20
May
2025
News Article interview Poland Profbud residential

by Michał Poręcki | Interview

Paweł Malinowski, CEO of Profbud, talked with Property Forum about the cooldown on the Polish residential sector, building developer-owned wind farms and the necessary diversification of the product portfolio in the current market conditions.


Sales at property developers slowed sharply in Q1 2025 and were around 18 per cent lower than in the same period a year ago. A temporary cooling of the market or the beginning of a downturn?

The slowdown in sales in the first quarter of 2025 can be perceived as a temporary cooling of the market, but not a signal of an imminent crisis. Sales of apartments in 2024 were lower than in 2023, but higher than in 2022 and by 14% in the six largest cities in Poland; therefore, we cannot speak of a downturn. Currently at Profbud, we have not seen a decline in interest in our investments - quite the contrary. In March alone, two residential projects in Warsaw achieved sales levels with a result exceeding 100 and 150%, which confirms that the attractive location, high quality of execution and the “soul of the project” attract customers. Our development plans are ambitious - in Q1, we started pre-sales of the Mocha Tower development in Warsaw's Gocław neighbourhood. In the near future, we have plans for new developments that will completely change the face of premium real estate and set new boundaries for luxury. In short, where you live matters, and how you live matters even more.

CEO
Profbud

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Latest news


New leases

  • K-Flex Group, the maker of elastomeric insulation, has leased 1,200 sqm in SpacePlus Chitila, owned by Speedwell. The lease deal was brokered by Esop Consulting.
  • TriGranit announced the signing of a new lease agreement with the medical centre enel-med for service space in the Signum Work Station building in Warsaw. Under the agreement, which includes both an extension of the existing lease and a more than threefold expansion of the leased area, the medical provider will occupy approximately 2,200 sqm of modern space on the ground floor of the building at ul. Domaniewska 49 in the Mokotów district. In December 2024, Signum Work Station was acquired by DRFG with the strategic support of TriGranit.
  • In June this year, the Polish branch of the Korean bank Industrial Bank of Korea will move into the 31st floor of the Warsaw Financial Center building. ITRA Polska advised the tenant in the process of leasing the office with an area of almost 950 sqm.

New appointments

  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.
  • Maciej Wieczorkiewicz is joining the Avison Young Technical Advisory team in Poland. Maciej is an experienced engineer with many years of experience in managing fit-out projects and investments in the commercial property sector. During his career development, he has worked for companies such as Made In Terior, TECAS Fitout and Colliers Define.
  • Tomáš Fabian has taken on the responsibility of leading the Czech commercial development team at Skanska as Executive Vice President Operations Czech Republic, while still keeping the current responsibilities as Executive Vice President Legal Counsel (CEE).


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