Revitalisation 2.0 How to create value within old walls in a forever changing property market?
Thematic scope
Almost 70% of all buildings in CEE are in need of modernisation. New investments are becoming more expensive, while financing them turns out to be a major challenge. Should investors abandon the concept of greenfield for the sake of modernising existing properties? Office blocks quickly go out fashion, hotels are more frequently established in historical buildings, while city centres are in dire need of change that will help them serve their community and protect the architectural legacy. What challenges, costs and legislative barriers does such transformation entail? How practical is the support offered by the relevant institutions in Poland and how make sure that modernized objects offer both commercial and social value? How to carry out a strategic transformation of these properties so that they generate new value for modern tenants?
