Next to food and water, having a place to call home is the most basic necessity we all need to survive. This need is mirrored in financial value as real estate and housing projects are among the most consistently lucrative investments one can make.
Nothing is bulletproof however, and conditions can change for the worse in even the most promising ventures. It takes a steady hand and keen eye for detail to make a positive impact anywhere, let alone in one of the most storied and fast-paced cities in the world – London.
Costas Polycarpou has been at the helm of Polyteck since 2005 when it was founded. By instilling strong core values throughout the company early, and keeping them consistent as they grew, they have enjoyed considerable success in the housing market. Over the years Polyteck has proved to be a powerful force that has helped shape the UK housing market.
We had an interview with Polycarpou in which we talked about how he has navigated the property sector over the years, and as a result, dramatically improved the quality of London’s property sector.
Collaborative From the Start
From the onset of Polyteck, there’s been a cooperative element which has served them well as they scaled to revenues over £30 million in only 15 years.
“Back in 2005 I started this company with my father, I was only 27 at the time, and there were plenty of challenges in getting my feet under me and gaining the necessary first-hand experience. I have a background in Engineering and Building Services, and used this knowledge to help other companies just starting off themselves with consulting and private investing.”
Trust, partnership, and loyalty are three of Polyteck’s highest held values, and upon these solid foundations, the company flourished. Without the bedrock of understanding of both the technical and human aspects of the property business, it would have been impossible for him to deliver for those crucial first few clients with his consultation services.
“It takes time to get to know a client’s unique strengths and goals and then being able to offer actionable advice. There are countless factors to consider, everything from how to streamline processes to knowing when to go all-in on a unique opportunity for growth. Developing this insight has become one of my most valuable tools over the years.”
It took Polycarpou over a decade and a half to hone his craft, but this patience paid off in the long run. In a multi-faceted industry like property development, the ability to effectively connect and communicate is paramount to get the job done efficiently.
Whether it was in the public or private sector, the passion and expertise of Polycarpou fueled and served him well. Eventually, this led to taking an even more involved hand in the UK property market to outstanding effect.
Big Leaps In London
Since setting up shop in London so many years ago, Polyteck has enjoyed a bevy of success in both their home base and beyond that’s inspiring to say the least.
“Over the past five years, we’ve been growing at a healthy rate on a number of levels. We’ve developed property with GDV’s of up to £100M, and worked with the most innovative joint venture firms which led to some incredible results of which we are truly proud.”
There’s no doubt the accolades have come to match Polycarpou’s ambitions. Their recent Bernard Works development won the coveted 2018 New London Architecture award, but the success didn’t stop there. Polyteck was selected to develop the Royal Exchange, an important heritage site dating back to the 16th century. With Polycarpou’s effective leadership and eye for unique projects, the scope of Polyteck has expanded overseas.
“We have worked with everything from high end residential to social housing spaces in London,” Polycarpou explained. “After those successes, we capitalized on the momentum to extend the Polyteck Group’s reach all the way into the Middle East with offices in both Dubai and Qatar. When it comes to property development, we pride ourselves on being able to offer expert-level workmanship to suit any project’s need virtually anywhere in the world.”
Polyteck has made an indelible mark upon the housing and property development of London, and are well poised to have a hand in property development around the world for years to come.
The Next Step …
While Polyteck has left its mark on the property development market both in the UK and aboard, Polycarpou certainly doesn’t seem content for them to rest on their laurels anytime soon.
“I have a genuine joy working in the property sector. It’s a constantly evolving industry, and I love digging into the newest and best practices of Engineering, Facility Management, and Technical Service. Regardless of where we go or what we build, I’m excited to bring the whole wealth of my experiences to the table and add value wherever I can.”
Whether by consultation or construction, Polycarpou has all the pieces in place to make a real difference in housing markets around the world. The future for him and Polyteck looks bright as can be and serves as a stirring example of how to break into and thrive within any industry.