Over 140 investment transactions worth PLN 4.25 billion and the delivery of 320,000 sqm of space across office, retail, residential and mixed-use projects. Capital Park Group is currently marking two decades of its operations on the Polish real estate market, during which such landmark developments as Fabryka Norblina, Royal Wilanów, the Eurocentrum Office Complex, and the Street Mall Vis à Vis retail park network were delivered. The company is currently preparing two further projects for development – a residential investment in Gdańsk at Polski Hak, and the mixed-use, city-shaping project Nowy Wełnowiec, to be developed on post-industrial land in Katowice.
Capital Park Group was founded in 2003 on the initiative of Jan Motz, who serves as President of the Management Board, together with Jerzy Kowalski, and has been actively operating on the Polish real estate market for 20 years, delivering projects across the country. Between 1986 and 2001, Jan Motz was the owner of Progressive Development Inc., a construction company operating on the U.S. market.
– “When Capital Park was founded 20 years ago, I knew that I wanted to deliver distinctive projects, reshape the faces of Polish cities and set new trends inspired by what I had observed around the world. Over two decades, we have built a team of experts who share a common vision for real estate projects, feel a strong sense of responsibility for the investments they deliver, and consistently go beyond market standards. I take great satisfaction in looking at the projects we have completed – appreciated by their users, city residents and tourists, and discussed across Europe. We have not said our last word yet. Ahead of us are initiatives that take us to a new level of perceiving projects as complete places, involving the creation of entire districts. An equally important aspect of our activity is the management and activation of our projects, which we have elevated to a very high standard,” – says Jan Motz, Founder of Capital Park Group and President of the Management Board.
The company’s flagship project, recognized with numerous domestic and international awards, is Fabryka Norblina – a mixed-use complex located in Warsaw’s Wola district. The revitalization of the former Norblin, Bracia Buch and T. Werner factories was one of the largest and most demanding undertakings of this kind in Poland, integrating modern architecture into historic industrial buildings. Since 2021, Fabryka Norblina has once again opened up to the city, offering 2 hectares of developed space with a history spanning two centuries.
The complex stands out for its unique concepts, including BioBazar; the original boutique cinema KinoGram; Poland’s largest dining destination covering 10,000 sqm with Food Town; full-service restaurants; Piano Bar; the MOXO restaurant and club; and the newly opened Amar Beirut concept. Fabryka Norblina is also home to the Museum of Fabryka Norblina, commemorating more than 200 years of the site’s history; Apple Museum Poland; Art Box Experience – the first immersive art space in Poland; and Smart Kids Planet, a smart entertainment center for children. The complex also features Poland’s first automated underground bicycle parking facility.
Fabryka Norblina is not the only revitalization project undertaken by Capital Park Group. The company has also been involved in other redevelopment and modernization projects, including historic townhouses in Gdańsk, now home to the Hampton by Hilton Old Town Gdańsk hotel; Galeria Zaspa, located on the grounds of the former Gdańsk-Wrzeszcz airport; and Wielkopolska’s first shopping center – ETC Swarzędz. Capital Park’s portfolio also includes the mixed-use Royal Wilanów project, the Eurocentrum Office Complex, Racławicka Point, new retail facilities in the form of neighborhood convenience parks under the Street Mall Vis à Vis brand in Warsaw, Radom, Toruń and Łódź, as well as the Rezydencje Pałacowa suburban villa development.
– “People are the foundation of every company’s success. At Capital Park, we have built a team of 90 professionals who work every day to ensure our projects stand out through an innovative approach to investment. They are behind the creation of unique spaces for work, shopping and leisure. We also place great emphasis on developing our projects with respect for the environment and contributing to the well-being of local communities. As one of the first developers on the market, we began certifying our buildings, and for the past two years we have published a Sustainability Report, which – in addition to financial and operational data – summarizes the ESG measures implemented across our projects. As a developer with 20 years of experience, we are leaders in functional solutions for tenants: we introduced Warsaw’s first free concierge services, the Biuro+ concept, the Office Doctor service, and advanced PropTech systems, including multifunctional applications,” – says Kinga Nowakowska, Chief Operating Officer and Member of the Management Board of Capital Park Group.
The company is entering the next decade of its operations with new projects and challenges.
In Gdańsk, on a 1.3-hectare site in a unique location at the confluence of the Motława River and the Dead Vistula – known as Polski Hak – a residential development with a publicly accessible promenade is being prepared. A major mixed-use project is also underway in Katowice and Siemianowice Śląskie. A 44-hectare area – 25 hectares of which are located in the northern part of Katowice – formerly occupied by a steelworks, will be remediated, revitalized and returned to the city. The site will become Nowy Wełnowiec – a multifunctional and environmentally friendly district, with green areas accounting for a significant share of the development.
– “In the near future, we want to focus on stabilizing our flagship project – Fabryka Norblina. Plans also include the sale of the Royal Wilanów investment, as well as the finalization of acquisition transactions and joint-venture agreements for already secured projects. We are continuously seeking new attractive real estate opportunities and additional sources of financing,” – says Marcin Juszczyk, Member of the Management Board of Capital Park Group.
– “Over two decades of operations, we have gained extensive experience in raising funds through both public offerings and private placements. To finance our investments, we have secured EUR 1.3 billion from 17 domestic and international banks and financial institutions. We also raised PLN 136 million through our IPO from individual and institutional investors and issued bonds on the capital market with a total value of PLN 463 million. We achieved all the objectives set at the time of the IPO and repaid all issued bonds on schedule. We maintain very strong relationships with our investors,” – adds Marcin Juszczyk.
In 2013, the company made its debut on the Warsaw Stock Exchange with an initial public offering (IPO) valued at PLN 136 million. In the same year, the Group also established the first dividend real estate fund on the Polish market and sold 85% of the fund’s certificates for a total of PLN 64 million.