A centre of monumental progress
Regional markets
Anna Wdowiak of JLL points out that “tenants and visitors appreciate revitalisation projects for the way they combine many uses through the use of historic space that echoes the spirit of past eras, and by the way they combine utility with authenticity"
At the recent Expo Real fair, the latest mixed-use project involving the reconstruction of a historic building in Łódź was unveiled: Magazyn Bawełny is to form part the Manufaktura complex. Meanwhile, Off Piotrkowska has been operating in the former Ramisch cotton mill for several years. and now the former Monopol Wódczany distillery, reborn as the Monopolis centre, is taking in tenants, while Fuzja continues to grow on the site of the Scheibler factory. Who can afford to carry out these costly renovation projects – and do they actually pay off?
In the ‘Emerging Europe Business Perception Index for 2021’, Łódź was rated as the most business-friendly city in the entire CEE region. There can be little doubt that its educational institutions have played a large part in this. Tens of thousands of students attend 18 colleges in the city and almost a third of these are studying engineering, IT and economics and finance. Among the companies that have set up in Łódź, there are many that can count on access to qualified personnel who have no intention of leaving the city once they leave university. “Łódź is a place that, although firmly grounded in its industrial past, is growing rapidly and is exceptionally open. Probably no other former industrial city in Poland has done so much to restore its old buildings to their former glory. At the same time, there are still huge expanses of the city that have yet to be developed and we want to play our part in that,” explains Maciej Michalec, the CEO of Okam. &l
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