Implementing transparency in an Eastern European office market: preparing Warsaw for global investments
In the aftermath of an increasing integration of property and financial markets, the real estate industry is subject to soaring internationalization processes. Since international institutional investors appeared, transnational real estate investments have increased tremendously. In recent years, Ce...
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| Udgivet i: | URI:https://journals.openedition.org/articulo, |
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| Auteurs principaux: | , |
| Format: | Article ou chapitre numérique |
| Sprog: | Anglais |
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Journal of Urban Research
2014
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| Online adgang: | Accès Université d'Orléans et IFPM Accès Université d'Orléans et IFPM |
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openedition-oai:revues.org:articulo_2139 |
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openedition |
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openedition-oai:revues.org:articulo_2139 https://doi.org/10.4000/articulo.2139 urn:doi:10.4000/articulo.2139 en https://journals.openedition.org/articulo/2139 2014-03-07T01:00:00Z info:eu-repo/semantics/openAccess article info:eu-repo/semantics/article urn:handle:20.500.13089/a3tu https://creativecommons.org/licenses/by-nc-nd/4.0/ Implementing transparency in an Eastern European office market: preparing Warsaw for global investments Journal of Urban Research UrbanHub info:eu-repo/semantics/reference/issn/1661-4941 URI:https://journals.openedition.org/articulo Bitterer, Nadine Heeg, Susanne Poland Warsaw office market transparency knowledge calculation performativity In the aftermath of an increasing integration of property and financial markets, the real estate industry is subject to soaring internationalization processes. Since international institutional investors appeared, transnational real estate investments have increased tremendously. In recent years, Central and Eastern European countries have been becoming more attractive to institutional investors and are therefore being integrated into international market structures. Within these countries, Warsaw emerged as the most dynamic and important real estate market. But what are the mechanisms and practices through which the real estate market of Warsaw becomes international? Which networks, intermediaries and frames are necessary to constitute a mature real estate market? The article argues that international real estate consultants are playing a crucial role in the underlying internationalization process. They are acting at the interface between investors, developers, construction companies and tenants and are therefore becoming a crucial hinge between real estate actors. With the example of the Warsaw real estate market we argue that international real estate consultancies are key drivers of the transformation process from a local to a global market. They transfer global knowledge, competence and practices and implement transparent and professional structures in the emerging Warsaw real estate market. |
| collection |
OpenEdition Journal |
| language |
Anglais |
| format |
Article ou chapitre numérique |
| building |
0/Bibliothèque numérique/ 1/Bibliothèque numérique/OpenEdition Journals/ |
| topic |
Poland Warsaw office market transparency knowledge calculation performativity |
| spellingShingle |
Poland Warsaw office market transparency knowledge calculation performativity Bitterer, Nadine Heeg, Susanne Implementing transparency in an Eastern European office market: preparing Warsaw for global investments |
| description |
In the aftermath of an increasing integration of property and financial markets, the real estate industry is subject to soaring internationalization processes. Since international institutional investors appeared, transnational real estate investments have increased tremendously. In recent years, Central and Eastern European countries have been becoming more attractive to institutional investors and are therefore being integrated into international market structures. Within these countries, Warsaw emerged as the most dynamic and important real estate market. But what are the mechanisms and practices through which the real estate market of Warsaw becomes international? Which networks, intermediaries and frames are necessary to constitute a mature real estate market? The article argues that international real estate consultants are playing a crucial role in the underlying internationalization process. They are acting at the interface between investors, developers, construction companies and tenants and are therefore becoming a crucial hinge between real estate actors. With the example of the Warsaw real estate market we argue that international real estate consultancies are key drivers of the transformation process from a local to a global market. They transfer global knowledge, competence and practices and implement transparent and professional structures in the emerging Warsaw real estate market. |
| author |
Bitterer, Nadine Heeg, Susanne |
| author_facet |
Bitterer, Nadine Heeg, Susanne |
| author_sort |
Bitterer, Nadine |
| title |
Implementing transparency in an Eastern European office market: preparing Warsaw for global investments |
| title_short |
Implementing transparency in an Eastern European office market: preparing Warsaw for global investments |
| title_full |
Implementing transparency in an Eastern European office market: preparing Warsaw for global investments |
| title_fullStr |
Implementing transparency in an Eastern European office market: preparing Warsaw for global investments |
| title_full_unstemmed |
Implementing transparency in an Eastern European office market: preparing Warsaw for global investments |
| title_sort |
implementing transparency in an eastern european office market: preparing warsaw for global investments |
| publisher |
Journal of Urban Research |
| publishDate |
2014 |
| container_title |
URI:https://journals.openedition.org/articulo |
| url |
https://ezproxy.univ-orleans.fr/login?url=https://doi.org/10.4000/articulo.2139 https://ezproxy.univ-orleans.fr/login?url=https://journals.openedition.org/articulo/2139 |
| _version_ |
1877243264770244608 |