Monika Przylepa Director, Marketing & Business Development
Warsaw
Mariela Gonzalez
Building Relationships
Dear Colleagues,
Yet again, the second half of the year seems to arrive too quickly! As our markets face continued turmoil, each of our countries is facing it in its own way The one constant that we are proud to see, time and time again, is how our relationships, internal and external, keep us resilient, energised, and driven to a common purpose
Over the past few months, our participation in industry events like MIPIM (general real estate in Cannes), IHIF (hospitality in Berlin), DCD (data centres in Cannes) and many others across our local markets, have given us the opportunity to connect with hundreds of clients, investors, developers, and funds across multiple sectors. Those conversations have not only reinforced the strength of our position in the market but also given us a valuable platform to showcase the depth of expertise across our region
We were also honoured to host for the first time the EMEA GRI C-Circle (board level only) and CEE Europe 2026 forums, bringing together industry leaders and potential clients to talk about trends, challenges, and opportunities shaping our markets These gatherings continue to strengthen our brand, network and create new opportunities for business relationships We are looking forward to continuing these conversations at the main GRI event later this year in Paris
Building relationships is also about improving our skills and connecting internally Our first celebration of International Day, a Gleeds global initiative, was fun and inspiring, providing a great opportunity to celebrate our cultural diversity through food. In addition, our webinar on networking was all about creating those connections and feeling empowered to build, grow and nurture our connections. If you did not make it, please look up the recording on Gleeds Academy.
Reaching the midpoint of the year encourages us to look ahead with ambition The months ahead, as always, bring a mix of challenges and opportunities Our focus remains on finding new ways to deliver value to our clients while we continue to support one another If we carry the same energy and commitment into the rest of the year, we can feel confident about what we can achieve together
Once again, thank you for your dedication, energy, and the support you continue to show one another Let’s move forward together, staying connected and bringing our best to everything we do
Best regards,
TheEuropeanBoard
Site visit to CS Campus
At the end of April, our Prague team had the opportunity to visit the CS Campus project, where Gleeds has been supporting cost and quality management since the predevelopment phase.
The project involves the construction of a modern office campus comprising four buildings connected by shared underground floors The complex includes an extensive ground floor with public and retail functions, such as co-working areas, an auditorium, a cinema, and a nursery, while also contributing to the revitalisation of the surrounding urban environment.
It is one of the largest concurrently delivered projects currently under construction in the Czech Republic, i h hi h i bili d d
Construction is currently progressing in the upper levels of the monolithic structures (four buildings with approximately 9–10 above-ground floors each) Structural works – both vertical and horizontal –remain a key focus, complemented by the installation of precast elements, including staircases and façade components
At the same time, MEP installations are advancing across basement and above-ground levels, with extensive services already in place in the underground floors
Internal works are also progressing, including partitioning and finishes, while interior fit-out has started on floors where windows have been installed Additional works such as insulation, technical room fit-out, and preparations for specialist areas,
Kvarter Residence
g g g , p y
apartments This newly built development has six above-ground floors, offers 79 residential and apartment units, and 105 parking spaces
The building s modern architecture is defined by clean-lined, functional layouts and an emphasis on its high-quality materials.
The project is designed with sustainability and resident comfort in mind, incorporating eco-friendly solutions to reduce the building´s overall energy consumption.
Immocap
Services
Project Management (PM)
Cost Management (CM) Technical Supervision (TDI)
Programme In Progress
Location Bratislava
C e
Learning & Development Highlights This Quarter
Over the past few months, we have had many opportunities to strengthen our skills and expand our knowledge across a variety of areas, and we would like to highlight a few of them
We would like to congratulate the participants in the Contract Administration course, led by the University of the Built Environment, who have successfully received their diplomas. We appreciate the effort invested and the time dedicated to completing this challenging and highly valuable programme
In each country, there is a representative who took part in this course If you would like to learn more about the topic, you can contact Ustaritz Bartolomé directly or speak with your line manager
Our People teams have been participating in dedicated management development programmes: the People Management Development Programmes and the Inclusive Manager.
If you would like to be part of the next leadership development programme, please visit this link.
Across Europe, our team were also invited to attend the webinar Networking Keynote for Europe, delivered by communication expert Kathy Brooke The feedback received has been very positive It has been particularly valuable for those who feel less confident with networking or are just starting out.
For anyone who was unable to join, the recording is available on Gleeds Academy under the Europe Webinars section Click here
To conclude this overview of recent People Development initiatives, we would also like to highlight the Welcome Meeting for new members of Gleeds Europe During this session, participants had the opportunity to learn more about the company, our clients, services, and to exchange ideas and experiences with Vladimir Bily and Patrick Leniston, who led the session.
Regional Headcount
Market Trends: What you need to know in Q2 2026
This report provides an overview of economic performance across four key European zones from February 2026 – April 2026: the European Union (EU), Gleeds European Countries (GEC), Gleeds Western Mainland European offices (WME), and Gleeds Central Eastern European offices (CEE).
GDP Performance
The latest Year-over-Year Real GDP figures showed a modest acceleration from 1 4% in Q4 2025 to 1 5% in Q1 2026 in WME, while CEE fell sharply from 1 5% to 0 6% This downward shift in CEE drove an overall GEC contraction, which fell from 1.4% to 1.1%. The overall EU figure for Q1 2026 has not been published yet, but the current average of published countries has fallen from 1 4% to 1 0%
Inflation Trends
The latest HICP figures indicate a notable acceleration across all regions WME reported 2 6% in March before climbing to 3 1% in April CEE followed a comparable path at higher levels, with inflation edging up from 3 9% in March to 4 3% in April This trend was reflected in the GEC, where rates moved from 3.2% to 3.6% by April. Simultaneously, EU-wide inflation accelerated from 2.6% in March to 3% at the start of the second quarter.
Construction Confidence Indicator (CCI)
Construction confidence saw an across-the-board recovery in April In WME, sentiment improved from -2.8 in March to -1.8 in April. CEE followed a similar pattern but at more severe levels, moving from -13.1 to -10.4 over the same period. These movements underpinned the broader GEC, which strengthened from -7 5 to -5 7 At the EU level, this pattern repeated, with the indicator rising from -1 5 in March to -0 5 at the beginning of the second quarter
Conclusion
In Q1 2026, GDP growth in WME showed a modest acceleration while CEE weakened sharply, slowing GEC growth as the incomplete EU aggregate also trended lower. Inflation across all regions accelerated through April, with the EU average climbing well above the 2% target. Construction
confidence experienced an across-the-board recovery in April, supported by robust and strengthening employment expectations alongside weak but steadily improving order book figures. This uptick in sentiment suggests a baseline resilience in the construction sector, even as broader regional economic momentum remains fragmented.
9-13 MARCH
MIPIM
Cannes, France
20-21 APRIL
IHIF Forum
Berlin, Germany
Datacloud Global Congress Montecarlo, Monaco
Data Center Dynamics
London, United Kingdom
5-7 OCTOBER
Expo Real Munich, Germany
N T S
A C H I E V E M E
i n o u r R e g i o n Please
Celebrating diversity
every day: Different perspectives, one shared purposed!
On 21 May, our European region celebrated World Day for Cultural Diversity, bringing together colleagues from all of our offices to celebrate what makes each of us unique
This United Nations-recognised day celebrates and values cultural diversity, and to mark the occasion, we hosted a multicultural office lunch, “Lunch Around the World” across our European offices
The initiative shared with our team in the UK created a great opportunity for colleagues to share flavours, traditions, and stories from their different backgrounds in an informal way
While this special day allows us to pause and reflect, we embrace diversity every single day This is the DNA of our region, we have 42 nationalities! It is part of how we work, collaborate, and grow together
Our different cultures, perspectives, and experiences within our teams is what make us stronger, more creative, and better equipped to support our clients.
Our region represents 42 nationalities from around the world
This reminds us how fortunate we are to be part of such a diverse and inclusive environment It is something we are truly proud of not only on 21 May, but throughout the entire year By valuing what makes each of us unique, we continue to build a stronger, more connected European region
Lunch Around the World
Slovakia
Our Slovak team came together to celebrate diversity with a special gathering filled with great food, conversations, and team spirit Colleagues had the opportunity to taste different dishes from various
France
Our French team brought colleagues together to share food, traditions, and conversations. With 10 different nationalities represented across their office, the event was a great reminder that our diverse backgrounds is something we proudly celebrate every day
cultures while enjoying the sunny weather and spending quality time together outside the office A simple but meaningful event that highlighted the value of bringing people and cultures together
Ukraine
For our Ukrainian team, this celebration coincided with a week of deep cultural significance. Alongside celebrating Vyshyvanka Day and the beauty of traditional Ukrainian heritage, they also remembered the anniversary of the Sürgünlik (the tragic deportation of the Crimean Tatar people by Soviet authorities in 1944) To honour solidarity and shared cultural bonds, the team visited Musafir, a wellknown Crimean Tatar restaurant in Kyiv founded by a family forced to relocate after the illegal annexation of Crimea in 2014, where authentic traditions, hospitality, and cuisine continue to be preserved and shared
Spain
Our teams in Madrid and Barcelona came together for a special multicultural lunch, highlighting the diversity that makes our Spanish offices so unique. With 15 nationalities represented across the teams, colleagues brought traditional dishes from their countries and regions, creating a great opportunity to share cultures, flavours, and experiences.
The celebration also connected both offices through Teams, allowing colleagues from Madrid and Barcelona to interact and enjoy the event together despite the distance
Honor (Onur): Dignity, pride, and prestige are central Trust (Güven):Trust is often more important than contracts
Motherland (Vatan): cultural heritage
Chido Gidiri Project Manager, Berlin
In Shona culture, each person has their own totem representing the people and clan they descended from Your totem is a vital part of your being and something to take pride in You take the totem after your father, and it is usually unheard-of to build a family with the same totem My totem is a lion, Shumba, and my mother is an antelope, Mhara In big life events, like weddings or births, representation of your totem is important and usually integrated into your clothing
Emilmar Carrasquel Quintero
Cost Manager, Madrid
If someone were visiting Venezuela, I would recommend experiencing both its Caribbean coast and its incredible natural landscapes
The beaches are beautiful, with crystal-clear waters and vibrant culture, but the highlight is the Salto Ángel, the world’s highest waterfall It feels like nature at its most powerful and unforgettable
Anna
Rudenko
Marketing Assistant , Kyiv
A real gem of Poltava region is the Sorochyntsy Fair where the last week of August turns into a bright theatrical event Best craftsmen come here to present unique folk art: ceramics, carpets and carved dishes The air is saturated with the spirit of traditions and the aromas of homemade delicacies: golden honey, juicy dumplings and the famous Ukrainian borshch.
From our offices
Romina Rodriguez Rivero
Project
Manager, Munich
A unique tradition is the use of alpaca wool in traditional peruvian clothing. The garments are often brightly coloured and handmade, reflecting cultural identity. When I visited Cusco, I even had the chance to hold a baby alpaca. Its coat was so soft and he was incredibly light.
Viktor Varga Junior Project Manager, Frankfurt
Budapest – My birthplace. I studied tourism there and love discovering every corner of the city. I’m always proud to show Budapest to my international friends when they visit Since I no longer live there, returning as a visitor myself also gives me a new and special perspective on the city
Naveed Noorzai Project Manager, Hamburg
Kabuli Palau – A dish that instantly reminds me of home is Kabuli Palau, Afghanistan’s national dish made with rice, lamb, carrots, and raisins It is known for its unique combination of sweet and savory flavors and is often prepared for special occasions or family gatherings For me, it represents not just food, but also hospitality, tradition, and time spent together with family
Slavic culture is about respecting ancestral customs, seasonal rituals, folklore, and a way of life that valued harmony with the natural world Many of these traditions were later replaced or suppressed through historical and religious changes, but today more people are rediscovering and appreciating that older cultural heritage in a respectful and open-minded way. Culture also means appreciating the roots of both my parents - my mother from Poland and my father from Vladikavkaz, Russia, and carrying meaningful parts of both traditions with me.
Eurobuild Run 2026
On May 29 , the 3rd Eurobuild Run 2026 took place This year, the routes led through the green forest areas of Jabłonna A huge round of applause for all the runners! Each of you showed incredible perseverance, determination and sporting spirit th
10 km
Women’s Open: 1st place: Marzena Głuszek from Gleeds
5 km
Women’s Open: 3rd place: Agnieszka Bardoń from Gleeds
Men’s Open: 4th place: Maciej Czerepak from Gleeds
Maciej Czerepak, Jacek Kostrzewski, Katarzyna Gątarska and Marta Dębska-Bytniewska also took part in the orienteering run Congratulations!
CEEQA 2026 Awards Gala in Warsaw
Gleeds has been named ‘Development & Construction Service Company of the Year’
Recognised as the region’s most prestigious industry award, CEEQA honours the achievements shaping the future of the market
Commenting on the win, Jacek Kostrzewski said: For Gleeds in Poland, this recognition reflects the trust of our clients, the dedication of our people, and our continued commitment to delivering excellence across the built environment Thank you to our clients for your partnership and confidence in our work “Congratulations to our team, whose professionalism, expertise, and passion make achievements like this possible
Our appreciation also goes to the CEEQA Jury, as well as Richard Hallward and the organisers for an outstanding event in Warsaw”
Speedwell Development
Warsaw’s Sienna Center
Speedwell Development has acquired a nearly 6 5hectare investment plot in Warsaw’s Targówek district from European Logistics Investment (ELI) The acquisition marks another step in SPEEDWELL’s expansion in Poland, following its market entry in 2024 Gleeds provided technical due diligence services for the transaction, supporting the successful completion of the deal The financial details of the acquisition were not disclosed.
LightOn Project in Warsaw
Gleeds has been appointed by CPI Property Group Poland to support the LightOn development in Warsaw’s rapidly growing Wola district
Located at Prosta 69, in the heart of the dynamically evolving Wola district, LightOn will open a new chapter for a site deeply rooted in the industrial history of the area. Today, we are already on site, starting with the demolition phase, and will continue
The Polska team had the opportunity to support Aya Properties Fund by delivering Technical Due Diligence services for the acquisition process Located in the heart of Warsaw, Sienna Center offers approximately 20,000 sqm of GLA and combines strong occupancy levels with a diversified tenant mix and long-term asset stability Congratulations to all parties involved in the transaction and thank our client for the trust placed in Gleeds.
to support the project through to the execution of construction works
Our team is providing project management, cost management, and quality/construction supervision services, supporting the client from pre-construction onwards to ensure smooth and effective delivery at every stage
LightOn is set to become a modern, mixed-use office building that combines advanced technological solutions with user-friendly infrastructure Designed to meet the highest international standards –including WiredScore Platinum, SmartScore Gold and BREEAM Outstanding – the project will offer sustainable, accessible and wellbeing-focused spaces in one of Warsaw’s best-connected locations, directly by the Rondo Daszyńskiego metro station
We are excited to contribute to a development that actively shapes Warsaw’s evolving skyline and reflects the transformation of Wola into one of the city’s most vibrant business hubs. Please
20 Achievements in our Region
Up to 5 years in Gleeds
DanielVimmr
DannyTsienPingSoWanYuen
DavidJamesLoft
DavidMorenoDeFrutos
DennisBodendorf
DerrickRobertAckwonu
DiegoPalazueloDelCanto
DinaMseeha
DominikaRakos
EditaLukesova
EdnaFrancesBenavides
EdoardoMorici
EliasBarkil
EliskaZelendova
EmanAly
EmanuelMarquesDias
EmelineLacides
EmelynWageneder
EmilmarLorenaCarrasquelQuintero
Please note: This news and content are for internal use only Do not distribute or share externally
