An experienced and active investor and developer, the Capital Park Group has been present for over ten years on the Polish property market. Positioning itself as an opportunistic investor, the Group seeks out and seizes emerging market opportunities. The core business of the Group consists in acquiring property with significant value growth potential resulting from, for example, the introduction of amendments to zoning plans, obtaining building permits, construction of new or redevelopment of existing facilities, recommercialisation of existing buildings or improvement of their management.
The Capital Park Group combines out-of-the-box thinking and entrepreneurial spirit with an institutional approach to business and method of action typical of investment funds.The Capital Park Group combines out-of-the-box thinking and entrepreneurial spirit with an institutional approach to business and method of action typical of investment funds.
Capital Park derives income from lease and sale of properties and property- based investment products. It actively seeks opportunities to buy new property projects, as well as new sources of income and value growth in markets with strong growth potential. Since its inception in 2003, the Group has completed over 100 investment transactions and currently manages a property portfolio of 68 projects in 34 cities, with a total gross leasable area of around 271,000 square metres. Of these, 39 high-street retail properties are part of the newly-created Real Estate Income Assets FIZ AN, a closed-end investment fund of unprecedented structure on the Polish market, actively managed by the Group as a 15% shareholder.
As on 31th December 2016 the current value of the real estate portfolio managed by the group stood at PLN 2.1 billion. An on 31th December 2016, 84% of the Group’s portfolio current value was made up by real estate in Warsaw, or the largest and most promising commercial real estate markets in Poland.
Drawing on the entrepreneurial focus of its Founders as well as the experience and competence of its management team, combined with the European track record and best practices of the strategic investor, the Group has for many years been successfully seeking out and implementing unique property projects and applying innovative concepts related to property financing and development of property-based investment products.
- The proven business model of an investment company (with an approach typical of a private equity property fund), generating high risk-adjusted rates of return.
- Safe capital structure, a track record of raising both traditional and innovative financing from various sources, and secured funding for key projects.
- The Company’s founder – Jan Motz – has more than twenty years of experience under his belt on the Polish and American real estate market; an integrated and fully functional operating platform with highly qualified personnel and a committed management team – CP Management sp. z o.o.
- The Eurocentrum Office Complex, Royal Wilanów and ArtN – three unique commercial projects in Warsaw, which is undoubtedly the most attractive property market in Poland. Together, these three projects form an essential part of the Group’s portfolio and are expected to be a key factor in the Group’s value growth over the next 3 years.
- Attractive, diverse and balanced real estate portfolio with approx. 271 thousand sq. m of rental floorspace, valued at approx. PLN 2.1 billion (According to Valuation Report)
- Patron Capital Partners – the principal strategic investor, which provides expertise and information on best practices from other markets.
Jan Motz – President of the Management Board
- Group’s co-founder and President of the Management Board of Capital Park SA since its inception. 1986–2001 – owner of Progressive Development Inc., a property development company active on the US market. 1988–1997 – co-owner of Real Management Inc. At the peak point, the construction companies owned by Jan Motz employed 1,500 staff working on multiple simultaneous projects. 1997–2007 – founder and shareholder of Communication One Inc., a group that included Call Center Poland SA – the leader of the Polish call centre service market. In the 1990s, Jan Motz was a shareholder in a group of Polish companies owned by Euro RSCG, one of Europe’s leading marketing groups. A graduate of the Faculty of Veterinary Medicine of the Warsaw University of Life Sciences – SGGW.
Marcin Juszczyk – Member of the Management Board
- With the Capital Park Group for more than 15 years, Member of the Management Board of Capital Park SA since its inception. 1995–1997 – consultant at the business consulting agency Agencja Doradztwa Gospodarczego AM Jesiołowscy, where he was responsible for privatisation projects and company valuations. 1997–2001 – consultancy project leader at Normax Sp. z o.o. (member of Hogart, an international business consulting group). 2001–2006 – Chief Financial Officer at Communication One Inc., a group that included Call Center Poland SA, with responsibility for mergers, acquisitions and joint venture transactions. From 2004 to 2005 – the Group’s CFO, since 2005 – the Group’s Chief Investment Officer, and since 2016 – both its CFO and CIO. A graduate of the Kraków University of Economics in IT and Econometrics. A member of ACCA (Association of Chartered Certified Accountants), holding an FCCA professional title since 2010.
Kinga Nowakowska – Member of the Management Board, Operations Director
- With Capital Park since 2007, serving as its Chief Operating Officer. Ms Nowakowska has been involved in the Group’s major projects, such as the Eurocentrum and Royal Wilanów office buildings. Since 2009, she has also been CEO of ArtN Sp. z o.o., a special purpose vehicle of the Capital Park Group established to carry out a prestigious mixed-use revitalisation project in the Former Norblin Factory in Warsaw. In 1995−1996, she was a sales coordinator of IBM networking products for Eastern Europe, working for French company Sodexi. For 11 years, beginning in 1997, Ms Nowakowska was Chief Executive Officer of Call Center Poland, which under her leadership became one of the largest multi-language customer service outsourcing hubs in Eastern Europe. In 2007, Call Center Poland SA, owned by the Communication One Group, was successfully sold. Kinga Nowakowska is a graduate of the Law School of Paris-Sorbonne University, where she majored in International Business Law.
Keith Breslauer – President of the Supervisory Board
- Founder of the Patron Capital Partners Group (1999), managing director at Patron Capital Advisers LLP and investment adviser for Patron Group funds, in charge of all projects of the Patron Capital Partners Group of funds. Keith Breslauer began his professional career in 1987 at Lehman Brothers. In 1993, he transferred to London, where he launched and managed the Principal Finance Group, established to invest Lehman Brothers capital in financial institutions, as well as real property companies and assets located throughout Europe. He also managed or supported investments in assets with a total value exceeding USD 16bn, including a number of investments in property, mortgages and operating businesses (hotels, service companies and mortgage lenders). Moreover, Mr Breslauer has extensive experience in corporate transactions, from mergers and acquisitions, through equity or debt raising, to structured finance. He holds an MBA from the University of Chicago and a Bachelor of Science degree from the New York University School of Business.
Shane Law – Member of the Supervisory Board
- Shane Law is the Chief Operating Officer of Patron Capital Advisers LLP (part of the Patron Capital Partners Group of funds), which he joined in 2003. In addition to his role as Chief Operating Officer, Mr Law focuses on the Patron Group’s corporate and equity investments. Before joining Patron Capital Partners, he worked for six years in investment banking, focusing on European mergers, acquisitions and public offerings, and before that he spent three years at Ernst & Young. Mr Law holds a Bachelor of Science degree from the Durham University, and qualified as a Chartered Accountant (ACA) in 1997.
Matthew Edward Utting – Member of the Supervisory Board
- Since 2000, Matthew Edward Utting has been the Chief Investment Officer at Patron Capital Advisers LLP. Before that, he had been an analyst for Bank of Nova Scotia, Citibank and Bank of Montreal. He graduated from the University of Waterloo with a Master of Arts in economics and a Bachelor of Arts in applied economics.
Katarzyna Ishikawa – Member of the Supervisory Board
- Ms Ishikawa is an attorney and a graduate of the Faculty of Law and Administration at the Jagiellonian University in Kraków. She completed legal training in court and as an attorney. She has worked in the legal profession since 2001, becoming a partner at the Ishikawa, Brocławik, Sajna Adwokaci i Radcowie Prawni sp. p. law firm in 2009. In 2002−2007, she sat on the supervisory board of Call Center Poland SA In 2004−2007, she was an arbitrator at the Warsaw Stock Exchange Court. In 2013−2015, she served as a member of the supervisory board of W.KRUK SA Ms Ishikawa has extensive legal expertise related to real property trade, construction projects and commercialization of space.
Anna Frankowska – Gzyra Independent Member of the Supervisory Board
- Ms Frankowska is an American attorney and partner at Weil, Gotshal & Manges – Paweł Rymarz Sp. k. She graduated from St. Louis University with a degree of Master of Arts, and earned a title of Juris Doctor from the University of Illinois, Champaign-Urbana, in 1990. In July 1990, Anna Frankowska passed the bar examination and was admitted to the Illinois State Bar Association. After graduation, she worked in the banking and finance department at Sidley & Austin, one of the leading US law firms. In July 1991, she started working for a Chicago-based law firm, Altheimer & Gray, in the international transactions and companies department. Since 1996, she has been with the law firm Weil, Gotshal & Manges, specializing in capital market transactions.
Jacek Kseń – Independent Member of the Supervisory Board
- Jacek Kseń has been involved with the financial markets for several decades. He has spent many years serving on the supervisory boards of such companies as Wydawnictwa Szkolne i Pedagogiczne SA, Polimex-Mostostal SA, AmRest Holdings S.E., Sygnity SA, and NWAI Dom Maklerski SA Currently, he also serves as supervisory board chairman at Nest Bank SA and Caspar Asset Management SA and deputy chairman at Orbis SA He was the Polish operations adviser to a top private equity fund, Advent International. In 1978–1996 he stayed in France, where he worked for three different banks. In 1996–2007, he served as President of the Management Board of Bank Zachodni WBK SA Since 2007 – a sole trader operating through his own consulting practice. A graduate of the Poznań University of Economics, Faculty of Foreign Trade, and Higher School of Planning and Statistics in Warsaw (now the Warsaw School of Economics) (where he completed doctoral studies in international financial markets).
The major driving force behind the Capital Park Group is the team created and managed by the Company’s Founder – Jan Motz, having more than twenty years of business experience on the US and Polish property markets. The team’s experience, competence, sector expertise, professionalism and commitment are the key factors underlying the Company’s growth and success.
The Capital Park Group team brings together highly qualified specialists with long-term experience in, and in-depth knowledge of the Polish property market, as well as the property development and investment sector. They represent various areas of expertise and have the knowledge necessary to seek out property projects, perform due diligence analyses of potential properties, secure sources of financing, obtain the required regulatory permits, develop conceptual, construction, and working designs, implement property development projects and carry out their commercialisation and management. Therefore, unlike many other players on the property market, the Group operates as an integrated and fully functional operational platform comprising the internal resources that ensure the implementation of investment processes on an end-to-end basis.
The team provides the skills necessary for the Group to effectively manage its operations even in a significant growth scenario, while maintaining the flexibility needed to take full advantage of the new developments and emerging opportunities on the property market.
The Group’s portfolio comprises 68 projects in 34 Polish cities, with a total gross leasable area of around 271,000 square metres, including:
• 58 completed projects that provide current rental income (including 39 high-street type retail real estates are part of the Real Estate Income Assets FIZ AN structures and 8 real estates are part of Real Estate Income Assets FIZ AN II)
• 2 projects in construction and
• 8 projects in preparation at different stages of realization
The Group’s overarching objective is to maximise shareholder value through organic growth, by ensuring effective implementation of its business plans for its existing project portfolio (particularly in Warsaw) and by purchasing new projects, given the growing importance of the Polish market in the world and the investment opportunities that it offers.
When market conditions become favourable, the Group will also seek to sell those of its completed projects which generate stable income but show limited development potential. Even so, the Group may retain some interests in such projects, as was the case with the Real Estate Income Assets FIZ AN fund, earning additional income by managing their operations.
The key assumption of our strategy is to maintain an attractive, diverse and balanced investment portfolio. Our portfolio includes projects from various segments of real property: office, retail, residential and multifunctional buildings throughout Poland. Our actions are also focused on the balance between projects generating a stable income and property developer investments with high potential of value growth.
The Group’s business strategy incorporates the following objectives:
• To complete and fully harness the potential of its ongoing projects;
• To optimise the potential of its current property portfolio and actively manage income-generating projects;
• To create added value by taking full advantage of other assets owned by the Group;
• To identify investment opportunities and implement new, attractive development projects.