Jury Awards

Name of company

White Star Real Estate

Managing Director or senior representative in Poland

Bartosz Prytuła – Managing Partner Poland

Managing Director or senior representative in Poland profile

Bartosz Prytuła joined WSRE in 2005 as Investment Manager, being responsible for sourcing, evaluating and executing third party debt financing, as well as equity procurement. Over the years Bartek assumed increasing levels of responsibility and became a Managing Partner. Prior to joining WSRE, Bartek spent 4 years at Morgan Keegan, where he worked in the investment banking division. He graduated magna cum laude from Washington College (MA) with a B.A. in Economics and Business Administration.

Short description of the company

White Star Real Estate is a renowned, international real estate company with a first-class track record. Its team has been active in Central and Eastern Europe since 1997, leading the completion of over 60 development projects throughout the region. These projects include a large portfolio of landmark office buildings, as well as warehouse, retail, leisure and residential properties. White Star Real Estate is also an experienced asset and property manager, providing services to its clients for over 1.6 million square meters of commercial properties across CEE region. White Star Real Estate is part of White Star Group, a holding company established to provide real estate management services and to make real estate and private equity investments primarily in Central and Eastern Europe.

Key current clients

The key clients in the portfolio of White Star Real Estate are investors from Western Europe (Generali RE, Bain Capital, Allianz RE, CAIN) and Asia (Hana) who have recently joined to the portfolio.

Key projects your company worked on between Julay 2022 and June 2023

White Star Real Estate strives to be unsurpassed in adding value to our tenants, clients, and investors - by developing and managing properties that are renowned for their enduring quality of design combined with outstanding customer service. Our philosophy is based on the statement that real estate is a service business and proactive, persistent, intelligent, honest and friendly face-to-face attention is required. For us remote administration is no substitute for personal cooperation and communication. White Star Real Estate provides different services int the field of real estate which include both development and property management. White Star Real Estate provides asset and property management services to 25 clients spread across 86 properties. In Poland it is for example Elektrownia Powiśle (54,000 sqm multi-used space), The Park Warsaw (130,000 sqm office space), The Park Krakow (80,000 sqm of office space) or Galeria Słoneczna (43,000 sqm retail space).

Number, size and type of retail projects under management between July 2022 and June 2023

Our portfolio consists of 3 retail projects: 1. Elektrownia Powiśle (54,000 sqm) a mixed-use project that stands out from other retail properties. It is a place offering designers’ boutiques, pop up and concept stores, availability of global brands that were never located in Poland so far and hand-crafted native brands. Customers can find here culinary concepts serving cuisine from around the world and a Beauty Hall. 2. Galeria Słoneczna (43,000 sqm) shopping center located in the Radom center that offers over 160 shops and service points. WSRE implemented here an innovative Tenant Care program, which not only facilitates proactive communication with tenants, but has also yielded detailed metrics and analysis through a bespoke software package. Galeria is also part of Centrum Słoneczne in Radom. 3. Galeria Sandomierz (4,400 GLA) convenience shopping center located 2 km from the center of the Sandomierz. Galeria offers over 30 shops and service points and over 140 parking spaces.

Number, size and type of office projects under management between July 2022 and June 2023

White Star Real Estate portfolio consists of 4 office projects:
1. Elektrownia Powiśle - offering 22,000 sqm of office space that is occupied by many brands representing various industries, e.g. Guess, Dentons, ING Tech Poland, Douglas Polska, Paprocki & Brzozowski.
2. The Park Warsaw - a self-sufficient, campus-style project with 7 Class-A office buildings with a total lease area of 130,000 sqm.
3. Fabryka PZO and PZO II - offering over 17,810 sqm of office space
4. Praga306 - 12 000 sqm office space
5. X2 and X20– 22 500 sqm of boutique office space
6. Radom Office Park – 9 700 sqm of office space

Number, size and type of warehouse projects under management between July 2022 and June 2023

White Star Real Estate portfolio consists of 3 warehouse projects: 1. Diamond Business Park logistics centres located in Gliwice, Stryków and Ursus as well as projects located for 3rd party clients located in main logistic hubs such as Krakow, Upper Silesia or Tri-City totalling in excess of 357,000 sqm.

Please say why you should be considered for the award

White Star Real Estate provides asset and property management services to 25 clients spread across 86 properties as mid of 2022. The client base includes five investment/JV partners, while the remaining sixteen are third-party clients representing a well-diversified base of investors in Central European real estate. White Star Real Estate primary measure of the portfolio is the square meters of properties under management, which totals over 1.6 million sqm. We estimate that these properties represent assets with a value over 3.1bn. The projects developed with JV partners provide a strong base to the asset and property management business. Given our focus on quality and maximizing asset values for our clients, our third-party business is focused on adding properties with select clients that value these services.

Company website

http://www.whitestar-realestate.com/