29 Q1 2020 BUILD Oct19138 s far as CEO Monika Holub is concerned, the golden rule for Geodetic is simple: “All our activities (services, academies, publications) are to increase the possibility of generating profits for owners of commercial and residential real estate.” Providing a number of engineering and consultancy services, Geodetic is a major part of the real estate infrastructure in Poland and has been operated for 13 years. Currently, it operates within 6 sectors: services, resources, academy, real estate, media house and ads. Many building owners notoriously lose money by using the wrong lease and sales data. Here Monika offers a case study that emphasises the extend of the issue. “For one office building in Warsaw with an area of 80,000 sq. m. thanks to the change of measurement standard and introduction of modifications, Geodetic Company generated for property owner PLN 2.3 million of additional annually profit from the rental. We ensure that this is not a one-time incident. We generate such profits as a standard. The problem lies in an ignorance of surface measurement standards, listening to the wrong advisors, and often the lack of knowledge that these profits can be increased. “A record difference in the building’s space over a 5-year management period for one of our clients reached 30%. We’ve seen hundreds of rent roll sheets and their authors admit they wanted to make their work easier. In practice, it is very easy to lose track of what you are handling. The problem is compounded by the fact that in the Polish market there is a lack of companies that can comprehensively approach the subject of standards for measuring the area of buildings. Therefore, it is important to get trustworthy measurements that can be used as an accurate baseline. This is exactly the process that Geodetic specialises in and will happily perform for you and your business.” Last year marked the publishing of Geodetic’s propriety Geodetic Rent Roll™. This clever piece of software was designed for the comprehensive and mistake-free management of lease space. As noted earlier, many building owners and lease managers lose rent over mistakes over the size of lease space. One of the key functions of Geodetic Rent Roll™ is an automatic data cross-check between the rent roll tab the property manager has prepared and the current measurements of the building Best Real Estate Consultancy - Warsaw A leader in Polish real estate, this company has measured 6,000,000s.qm. of property over the past 13 years. In addition, they are happy to share and exchange their knowledge with market experts. We decided to have a closer look to find out more about their honed expertise and exceptional services. A made by Geodetic. “The Geodetic tab contains a range of data that includes actual measurements and the measurements used in the contract. This information is automatically exported to the rent roll tab so the property manager can safely calculate rent with an alert if there is a mistake. As more people take on the programme, it will mean no more outdated rent roll files and no more losses due to incorrect calculations,” Monika adds. Another process that Geodetic will undertake is in the area of due diligence. As specialists in the area and working with court experts, advisers to voivodes and judges and qualified experts, this thorough and accurate survey will ensure that you aren’t caught out. Monika points out that “demanding investments provide higher return rates. Big profits generate difficult properties and the secret lies in a reliable due diligence analysis.” Geodetic does not just operate its own business, it intends to teach the next generation about how best to operate their business through various academies and congresses organised annually in various Polish cities. Looking forward, Geodetic is hoping to expand and publish more material to help the greater community thrive and innovate. Expansion will take the form of nine more sites in the largest Polish cities, with staff to make them viable. Similarly, more books will be published to accompany the hugely successful Geodetic yearbook ‘Investor -Real Estate Expert’ and further volumes focusing on ‘1000 investor mistakes in commercial and residential real estate’, with contributions from dozens of real estate experts and their own anecdotes. Ultimately, the future looks bright for Geodetic as it forges forward. It has refined the services it offers to the extent that it is comfortable educating others as to how to match their performance. They are a benchmark in Polish real estate, and – impressively - one which keeps raising the bar. Contact: Monika Holub Company: Geodetic Sp. z o. o. Website: www.geodetic.co Geodetic Rent Roll™: www.geodetic.co/grr E-mail: [email protected]
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