Investor found for first part of Gdynia Waterfront

The identity of the investor has not been revealed. “After deciding to divide Nauta’s land into two parts, we have just secured an investor to develop one of them. The post-industrial site will be transformed into modern urban space, changing the image of Gdynia city centre. The transaction is a milestone for the Gdynia Waterfront project,” says Emil Domeracki of Colliers International, which is responsible for the shipyard sale process. He adds: “Currently, we are also negotiating the sale of the remaining part of the shipyard with an exclusive investor. The property is in the process of legal and technical analysis.” The 8.4 ha site of the ship repair yard has been designated for both residential (28,000 sqm) and commercial projects (45,000 sqm of retail, 23,000 sqm of office space and 8,000 sqm of hotel space) according to the local zoning plan. The architectural plan introduced for the site includes: a shopping centre and a cinema, residential buildings, office space and a seafront hotel. Parking facilities will take up 35,000 sqm of space, while a section of the area will be used for a warehouse project. “It has taken over a year to prepare the local land development plan for the shipyard,” continues Emil Domeracki, “it has been designed in close cooperation with the local authorities. Acquiring an investor for the first part of Nauta means that the construction work in Gdynia should start within the next two years.”