Board of Directors

Karol Kalicki

Founder and President of Upside Property

The organization invests in and professionally manages real estate development and operating projects with the focus on increasing the value of the assets and its position on the market.

Upside’s so far professional activity on the Polish real estate market has resulted in obtaining by Upside Property in 2017 one of the first in Poland licence for the Closed End Real Estate Investment Fund’s Portfolio Manager granted by Polish Financial Supervision Commission (KNF).

Being familiar with global real estate trends in micro-living idea, Karol Kalicki has become engaged in implementation of micro-living investments in Poland.

As the response for a significant and still growing interest of institutional investors and real estate funds in micro-living sector in Poland, Karol Kalicki has found UPSIDE LIVING – a special-purpose organisation dedicated for micro-living projects (student housing, co-living, service apartments and senior housing)

  • € 300 MLN
  • Investment portfolio
  • 150 000 GLA / UFA
  • Developed
  • 20 YEARS
  • of experience

Wojciech Golak

Attorney-at-law and investment banker with experience from KBC Securities N.V. Polish Branch. Currently,Member of the Supervisory Board of Grupa Kęty S.A. (one of the largest listed companies in Poland).Until 2022, member of the Supervisory Board of Robyg S.A. (one of the largest Polish residential developer sold in 2022 to TAG Immobilien by Goldman Sachs and Centerbridge)

  • € 800 MLN
  • Value of supervised real estate deals
  • 30 000
  • flats sold by Robyg
  • € 7 BLN
  • Market cap. of GK Kęty

Adam Jenkins

CEO, CIO & COO with over 25 years of international experience in managing financial institutions, including:

  • PZU TFI, the Investment Management arm of PZU S.A. - the #1 by assets financial sector (insurance and banking) conglomerate in CEE
  • Pekao TFI – most profitable TFI in Poland and second biggest in terms of AUM - €5 BLN
  • Soros First Hungary Private Equity Fund - Member of the Supervisory Board
  • Nomura Asset Management - #1 in the ranking of funds run by the Emerging Markets Team
  • INVESCO, management of European SMEs companies - AUM approximately $1 BLN
  • KBC, London Office, investment director
  • UBS Brinson, investment director for institutional clients (EMEA)
  • € 250 MLN
  • Raised capital
  • 8
  • Finalized acquisitions
  • € 5 BLN
  • AUM
  • 25 YEARS
  • of experience

Tomasz Reiff

An entrepreneur and investor with more than 30 years of experience.

Co-founder and co-owner of Todan Investment Group, which owns and manages 10 retail parks across Poland and an office building.

He has successfully completed some of the most complex and time-consuming legal and administrative processes related to the recovery of family assets in various parts of Poland, including the Palace in Mała Wieś and land properties in the heart of the capital on Frascati Street.

  • € 60 MLN
  • co-owned real estate assets
  • 30 YEARS
  • of experience