Paul Kuśmierz, a US citizen originally from Minnesota, has been active in the Polish and CEE real estate markets since 1996, and has been involved in numerous real estate transactions as an investor, sponsor, adviser, and debt finance originator. In 2006, Paul Kusmierz founded Master Management Group (MMG). Under his management and supervision, MMG has become one of the leading companies in the real estate market in Poland. Today, MMG acts as both an investment platform and a service provider. MMG employs in-house experts in investment, structuring transactions, property management, leasing, debt origination,
marketing and accounting.
Paul Kuśmierz has been responsible for transactions totalling over EUR 1.4 billion, most of which involved financing with loans or bonds that he had helped to raise, structure or originate. As the Acquisition Director and Equity Partner in a retail fund with Europa Capital, one transaction involved the acquisition of a portfolio comprising 14 commercial properties, raising bank debt and the subsequent disposal of the portfolio. Furthermore, in cooperation with the Blackstone Real Estate Group, MMG provided transaction advisory, debt finance structuring, property management and leasing services for a number of high-quality Polish shopping malls owned by King’s Street Retail with a total of 250,000 sqm GLA. MMG also partnered with UK-based Marcol and US-based Kravco Company to acquire and develop 12 retail properties. The largest retail development project in the MMG portfolio was Galeria Młociny, a prime retail complex of 70,000 sqm GLA in Warsaw, which was sold to Echo Polska Properties and Echo Investment S.A. in March 2017 for EUR 104.5 million.
MMG’s flagship investment is Hi Piotrkowska, a stunning, mixed-use complex in the centre of Łódź, totalling 34,000 sqm including a Hampton by Hilton hotel as well as retail and Class A office space with a Breeam Excellent rating. MMG has also worked on projects from the residential and private rental sectors. In 2021 MMG, under Paul’s leadership, was chosen as the Property Management Firm of the year in Poland.