ARTICLES LABELLED WITH TAG revitalisation

Kaufland continues to expand in Europe and revitalizations are playing an increasingly central role in this. The integration of existing retail locations and modernization has increased recently in comparison to the construction of new buildings. In the Bulgarian capital Sofia, a very special revitalization has now been completed.

Atenor signed one of the first green loan transactions in Poland, totalling €38 million in collaboration with BNP Paribas Bank Polska and Santander Bank Polska. 

V Tower is the new name for Warsaw's well-known office building, formerly known as Warta Tower. The renaming of this complex at 85/87 Chmielna Street is just one stage of the revitalization project led by Cornerstone Investment Management. As part of the modernization process, the property is to be equipped with modern systems and solutions, meeting the standards of ecological and technological certifications, 

Witold Zatoński, Founder of Syrena Real Estate, talked to Property Forum about the profitability of revitalizing older office buildings, the challenges related to such projects and the development of the PRS market in Poland.

The metamorphosis of the Marynarska Business Park office complex implemented in Warsaw’s Służewiec district by PineBridge Benson Elliot and Syrena Real Estate is nearing completion. Work has been finalised on the outdoor area, replacing a 6,000 sqm concrete car park with a green park open to the city, covered with green hills. The project is changing its name to Diuna.

Czech logistics developer Logport Development has launched a new project in Prague's Jinočany area, at the former Poldi Kladno smelters, one of the largest brownfield sites in the Czech Republic.

YIT has approved the residential project Parvi Cibulka, which was created by revitalising a former factory in Prague 5 into loft-type housing. Only less than a third of the 150 units are left to be purchased. The building also includes nine non-residential premises.

Liebrecht & wooD has started preparations for its latest project in Warsaw’s Praga-Północ district. Drucianka Campus will be developed as part of the revitalization of Drucianka (the Warsaw Wire, Pin and Nail Factory), which will be a large-scale mixed-use complex, offering 42,000 sqm of office space and more than 7,500 sqm of additional space for retail, services and events.

HOP, a post-modern office building from the 1990s has undergone a thorough upgrade thanks to Syrena Real Estate. The process lasted nearly a year and reached completion with the opening of the Lupo Pasta Fresca restaurant by  Warsaw restaurateur Justyna Kosmala, owner of Charlotte and the Wozownia Bar. The office building has also recently obtained the BREEAM in Use certificate at the EXCELLENT level and Barrier-Free Facility awarded by the Integration Foundation. The HOP is the first of two development projects in Syrena RE’s portfolio with PineBridge Benson Elliott to undergo such transformation. Work on the other project, the Marynarska Business Park, is underway.

Cordia has begun its latest large scale urban regeneration project, the revitalization of the site of the former Modena garment factory in Poznań, Poland.