Polish students of commercial real estate faculties competed against their peers from other European countries in the International Real Estate Challenge (IREC) program for the 11th time. Cushman & Wakefield, a leading global real estate service firm, was the exclusive sponsor of the event in Poland in cooperation with the Warsaw School of Economics and Kingston University, United Kingdom.
The IREC kicked off in October 2014 and its final stage was held in Berlin in mid-January 2015. During its two-week workshops the participants were split into groups to act as property advisers. To complete their assignments they toured nine European cities in search for a new head office for an international new technology company. The students had to review and assess the office market in each city and prepare a professional presentation for their ‘client’. The workshops tested their ability to work in an international group and under time pressure.
The team of more than 60 finalists from eleven countries included four students from Poland selected by the representatives of the Warsaw School of Economics and Cushman & Wakefield’s employees.
In early December 2014, the students, Professor Marek Bryx and Paweł Nowakowski from the Warsaw School of Economics met Charles Taylor, Managing Partner of Cushman & Wakefield, and the team of the Office and Property & Asset Management Departments in Cushman & Wakefield’s Warsaw office.
As part of the competition the group of overseas students also came to Warsaw in early January 2015. Cushman & Wakefield looked after the students and organized visits to prestigious commercial buildings such as Metropolitan, Gdański Business Center and Eurocentrum Office Complex. It also provided them with access to current market reports to help them present Warsaw as the best location for the company’s new head office.
Dorota Skowrońska, Head of Human Resources, Cushman & Wakefield, said: “We have been a sponsor and partner of the IREC program in Poland for many years. We are perfectly aware of how important it is to support the development of young talents. In a couple of years the real estate market will be shaped by those students of commercial real estate faculties of prestigious universities who are now the most active. We are extremely happy to see them doing well in competition with their peers from other countries and are proud to be able to help them.”
Paweł Nowakowski, IREC coordinator at the Warsaw School of Economics, said: “I’ve always been an avid advocate of all initiatives that give young people an opportunity to test themselves and grow in the field in which they want to be professionally involved in the future. IREC already enjoys an established position on the market and its successive editions confirm that they are targeted at the most talented students who represent a real value to employers in the commercial property sector. The fact that Polish students excel in the annual finals of the program is evidence of our great potential on a global scale. Poland has extremely gifted young people who are equal in talent to young people from other European countries.”