successes and challenges for the real estate market


Expo Real in Munich, MIPIM and MAPIC in Cannes are events that heat up the real estate market (especially commercial, but not only) all over the world. The last edition of the former has just ended. For three days (October 6-8, 2025), approximately 2,000 exhibitors from 30 countries presented new projects, talked about cooperation and presented development concepts of their organizations. The fair participants included developer companies, investors, consortiums, banks and other financial entities, and even representatives of cities and regions. We asked several representatives of local companies and institutions for comments.
Krzysztof Misiak, head of the Polish branch of the Cushman & Wakefield consulting agencyemphasizes that the Expo Real fair in Munich is a key meeting place for the Polish real estate industry with international capital and business partners. – This is an excellent opportunity to present the strength and potential of our market, and as Poland we really have something to be proud of – he argues and adds that our economy, with an impressive GDP growth of 3.4%. year to year, is one of the most dynamic and resilient in Europe. — This, combined with a stable labor market, translates into real investor confidence, which was palpable during this year's talks. International capital has also been appreciating the quality of the offer of the Polish commercial real estate market for years, comments Misiak. In his opinion, Poland is increasingly perceived as a mature market, mentioned in the same breath as the largest economies such as Germany, France and Great Britain.
He shares his enthusiasm Marcin Malka, president of the management board of Real Management, a company operating on the residential and warehouse real estate market. “This fair is a unique event during which all participants of the global real estate market meet at the same time,” he says. He emphasizes the value that, in his opinion, participation in this type of events brings.
– This allows you to participate in the so-called speed-meetings and conversations with many business partners from around the world – he adds. The president noted that the Expo in Munich was a good opportunity to look for potential JV partners for the new investment planned for 2026, which will be the construction of another logistics park in 2026, as well as to talk with banks and general contractors.
Małgorzata Turek, member of the management board of Echo Investmentassesses participation in this year's Expo Real from the perspective of the Echo Group.
– Investor interest in the segments in which we are most active has been confirmed, and discussions with our current and potential partners have shown that the European real estate market is entering a stage of stabilization – he comments. The representative of Echo Investment emphasizes that multifunctional projects such as Towarowa22 in Warsaw or Fuzja in Łódź, as well as the broadly understood living segment – from apartments for rent to dormitories – are attractive products for international players that fit into global trends.
Tomasz Lisiecki, CEO of the TriGranit development companyensures that Expo Real is a permanent point in the company's calendar every year. — This is a very important event that brings together key real estate market participants representing various areas in one place and time. Meetings in Munich have often resulted in the implementation of very interesting projects or transactions. We will probably find out in a few months that it was similar this year, he says. However, in his opinion, the Polish market is perceived as interesting, but still secondary. – Investors focus primarily on Western European countries – says the head of TriGranit.
Marek Dobrzycki, partner at Panattonialso emphasizes that Expo Real remains one of the most important events for the real estate industry in Europe. — This is a place where not only projects are presented, but above all, conversations are held that later translate into real business. For us, it is always a great opportunity to establish new contacts and maintain relationships with current partners, he says. He also points out that this year at the fair – along with the stabilization of the economy and the decline in interest rates – a return of optimism and greater willingness of investors to make decisions could be clearly felt. “There was talk of growing liquidity and a returning appetite for new transactions,” he says.
Magdalena Uler-Kłeczek, member of the management board and Chief Investment Officer at 7Rshares the opinion of a representative of a company from the same sector (warehouse properties). – Real estate fairs, such as Expo or MIPIM, are primarily an opportunity for us to meet directly with investors and better understand their investment strategies – he says, adding that it is particularly important to learn their perspective on the current phase of the market cycle and forecasts for its further development. — At the same time, it is an excellent opportunity for us to present our projects, share our achievements so far and present our vision of development, thus encouraging investment in our region – adds Uler-Kłeczek.
Cities also want to attend Expo Real
Not only companies participate in international fairs. Representatives of Polish cities and regions have also been taking part in such events for many years. One of the most active centers in this field is Łódź.
— Łódź's participation in the Expo Real fair in Munich is an element of the consistently implemented strategy of economic promotion of the city on the international arena – he argues Adam Pustelnik, vice-president of the City of Łódź.
He agrees with business representatives that Expo Real is one of the most important events in Europe dedicated to investments, real estate and city development. – This is a place where decision-makers, investors and industry leaders meet – he enumerates.
Pustelnik emphasizes that Łódź is currently undergoing a dynamic transformation – both economic and spatial. — From an industrial city, we have become a center of modern business services, technology and creativity. We want to show this change and attract investors, explains the vice president and adds that the presence of Łódź representatives in Munich is also an opportunity to build relationships with partners.
— For us, Expo Real is not only a presentation of the investment offer, but above all a conversation about the future of cities – about sustainable development, innovation and quality of life. Łódź wants to be an active participant in these conversations and co-create a modern Europe of cities, assures Adam Pustelnik.




