‘Old’ is the new ‘new’

as developers enter this market niche with increasing enthusiasm. Adapting an old building for residential purposes is sometimes more profitable than renting it to businesses  Palace bought by chanceRadosław Sieroń, president of WWG Management’s board describes how this investment began: “We had arranged a meeting with the publishers’ senior staff on quite a different matter, but in the end we found ourselves buying a palace.” The tender for the sale of the property took place in 2005, with the transaction being finalized in the summer of 2006. But PWN will not be rapidly moving out of this very attractive location, and so its employees will have until the summer of 2008 to feast their eyes on a view “worth a million dollars”, i.e. of the Royal Castle, which is just a stone’s throw away.The Magnus Group company (previously Maripol) has also been waiting for a considerable time to start work on restoring an early 20th-century tenement buildi