TY  - JOUR
A1  - Bitterer, Nadine
A1  - Heeg, Susanne
T1  - Implementing transparency in an Eastern European office market : preparing Warsaw for global investments
T2  - Articulo : Journal of Urban Research [Online]
N2  - In the aftermath of an increasing integration of property and financial markets, the real estate industry is subject to soaring internationalization processes. Since international institutional investors appeared, transnational real estate investments have increased tremendously. In recent years, Central and Eastern European countries have been becoming more attractive to institutional investors and are therefore being integrated into international market structures. Within these countries, Warsaw emerged as the most dynamic and important real estate market. But what are the mechanisms and practices through which the real estate market of Warsaw becomes international? Which networks, intermediaries and frames are necessary to constitute a mature real estate market? The article argues that international real estate consultants are playing a crucial role in the underlying internationalization process. They are acting at the interface between investors, developers, construction companies and tenants and are therefore becoming a crucial hinge between real estate actors. With the example of the Warsaw real estate market we argue that international real estate consultancies are key drivers of the transformation process from a local to a global market. They transfer global knowledge, competence and practices and implement transparent and professional structures in the emerging Warsaw real estate market.
KW  - office market
KW  - transparency
KW  - knowledge
KW  - calculation
KW  - performativity
KW  - Warsaw
KW  - Poland
Y1  - 2012
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/30000
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-300005
UR  - http://articulo.revues.org/2139
SN  - 1661-4941
N1  - Copyright: Creative Commons 3.0 – by-nc-nd, except for those images whose rights are reserved.
VL  - 2012
IS  - 9
CY  - Genève
ER  -