Old-school with a new twist

Trends
Conversion and modernisation projects have now become a fixture on the Polish real estate market. They can be profitable, they provide bragging rights, and they fit in perfectly with ESG policies. This is why developers and investors all seem to agree that it’s worthwhile making that extra effort to give old walls new life
The plan might be a beautiful one, but the price of bringing it to life can sometimes be rather high. Rafał Przybył, the regional manager of Vastint Poland responsible for the conversion of Stara Rzeźnia, a former abattoir complex in Poznań, is able to provide quite a long list of the challenges faced by developers when they embark on such a project – including changes to the rules and regulations, as well as the necessity of keeping a flexible approach and adapting to local requirements. He also stresses the lack of strict criteria for the issuing of permits for this type of project. “For historic buildings and areas that are under the protection of the local monuments conservator, there is a lot of discretion, which makes the decision-making complicated,” he admits. Additionally, Magdalena Bartkiewicz-Podoba, the CEO of Liebrecht & Wood Poland, insists that: “These kinds of projects normally require much more funding than those built from scratch.&rdqu
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