Interview with Mihai Zaharia
Director of Investments and Capital Markets
DEVO 2020 - International Forum of Large Developers
1. How do the Globalworth construction sites look like for the new developments and what is the pace of work, at this point?
Globalworth Industrial, Globalworth’s logistics and light industrial sub-brand is currently 100% functional, with an unaffected working rhythm - whether we are talking about construction sites like Constanta Business Park or Chitila Logistics Hub, where we haven’t stopped or slowed down our activity, or the industrial parks from Pitești and Timișoara, where the occupancy rate and rental requests remained at the same level. We keep an accurate inventory of all the materials and products arriving at the construction sites and the provenience information. We are on schedule with all the planned deliveries, but given the unpredictable situation, we are prepared with different plans and solutions and at the right time we can intervene – depending on how things evolve. The new context has imposed new hygiene and safety rules that we have implemented from the first days of the crisis. The safety and well-being of our employees and customers, as well as the business continuity, are our top priority – therefore, we have immediately applied all appropriate measures required by relevant authorities for our entire portfolio.
2. What measures has Globalworth taken in the new economic context?
We are actively following the developments on a daily basis, we respect all the instructions and the standards published by local and national authorities and we are sharing the information with all our workers, suppliers and subcontractors, with whom we are in permanent contact. We have heightened the measures and we have also implemented a very strict daily cleaning program, using disinfectants approved by the relevant authorities - extremely powerful products that destroy viruses, but they are safe for human health. We have increased the number of the dispensers with alcohol-based disinfectant, antibacterial soap, disinfectant gels and we have also installed hand washers and liquid soap on multiple spots of the construction sites. We’ve displayed information panels and stickers on visible areas inside the sites and our Health and Safety specialists hold frequent meetings with the workers providing them with information regarding the outbreak and potential risks. Just to give an example of how measures have been taken: usually, we hold this kind of meeting twice a month, now, given the current situation, we have the instruction gathering twice a week, to ensure that each rule is clearly communicated and respected. We insist on using authorized and verified sources to avoid misinformation and we urge all our subcontractors to follow the protocols and guidelines. We will continue our very close cooperation and communication with our key partners in our effort to safeguard health and safety in our entire portfolio.
3. What do you think we have learned from this pandemic experience so far?
We have learned a lot and there is still a lot to be learned. It is clear to all of us that we will face a difficult and challenging period, with a significant impact on the global economy. We are facing a truly unprecedented crisis and perhaps one of the most important lessons is how we manage this uncertainty. Although we are fully aware of the gravity of the situation, we also observe its fluidity the situation moves so rapidly, that it is difficult to predict how it will evolve in the future. We do not know how long this situation will take and therefore business continuity plans and solutions are constantly updated. In this storm, solidarity is vital for everyone. It is important to help both: us, as the company and us, as a society. Until now, Globalworth donated 550,000 euros to help fight against COVID, an amount that supports the medical systems both in Romania and Poland. We take great care of our colleagues, partners, tenants, and communities. We comply with all the measures and we do everything we can to safeguard the business and to support the real estate industry, but above all these, it is mandatory that we, as a society, help in every possible way. Let’s respect the rules and measures, let’s get involved, let’s be responsible, let’s overcome this difficult life stage together! Let’s keep calm, let’s believe that we will work it out together and we will get the market back to work as soon as possible.
We have a long road ahead of us, but the journey will be worth it!
Interview published on the Boro Communication website. Check the Romanian version HERE.