Cavatina Holding has acquired the Widzewska Manufaktura revitalisation project in Łódź for €90 million (PLN 400 million). The seller of the approximately 4 ha site at Piłsudskiego 135 with its 19th-century industrial buildings was a company headed and co-founded by Stanisław Zaręba, represented in the transaction by Deloitte.
Widzewska Manufaktura, one of the most famous post-industrial complexes in Poland, consists of six buildings, three of which are entered in the register of monuments. Construction works on the project, also known as WI-MA, will start in September. The buildings of the former cotton mill will be converted into a multifunctional complex with offices, apartments for rent, shops, restaurants and a cultural zone. Łódź city council has approved changes to the local spatial development plan for this project.
