Remodelled type of business

Tenement city The company is the leader in its niche on the Łódź market. It has renovated and handed over to buyers over 30 projects and four more are just starting. The idea is simple: to buy old, neglected buildings and give them another lease of life. “We buy historic residential facilities – tenements with their glory days behind them – and we reintroduce them to the market,” explains Marek Kralka, the owner of Kralka Investment Group. He emphasises that the properties chosen by the company must fulfil a number of conditions. First of all they need to be at least half-empty to guarantee a return on the investment from the start. “We negotiate with the remaining tenants and offer legal solutions. We have a special department established to do that and a separate budget for removals and searching for new apartments for the residents of the purchased building,” Marek Kralka explains. Such business is apparently highly profitable in Łódź, even