Cordia, a residential property developer and member of Futureal Group, one of the largest property developer and investor groups in the Central and Eastern European region, has started the revitalization of the former Modena garment factory in Poznań. This new residential venture will regenerate an entire neighbourhood in the heart of the city centre.
With the cornerstone laying ceremony, Cordia began its latest large-scale urban regeneration project. The site of the Modena factory, which has been undeveloped for over two decades, will be returned to the residents of Poznan. A modern, spacious, green residential complex will be created, directly referring to the style of the surrounding tenement houses.
This new urban regeneration project is also distinguished by its green space – the new quarter will have many green areas. In addition, the developer has integrated a number of eco-friendly solutions into the project, including photovoltaic solar panels, green roofs, a retention reservoir and an automatic irrigation system. They will have a positive impact on the entire neighbourhood.
“This is our first project in Poznań, so I am even more pleased that we have achieved what many before us have failed to do: to ensure that this forgotten but key place for the city’s identity is given a second life. For Cordia, this is a dream project, because our group has a lot of experience in the field of urban regeneration. Our portfolio includes, among others, the award-winning Corvin Promenade project, the largest example of a comprehensive renovation of an entire quarter in Central Europe,” says Tomasz Łapiński, Head of Residential Development Poland at Cordia.
“Regenerating large-scale urban spaces and whole districts are in the DNA of both Cordia and Futureal. Building on this experience, we are continuing our work with further revitalization ideas, besides Poland, we have such projects in the pipeline in Hungary and also in the UK. We aim to create sustainable, liveable, green and smart spaces, with exceptional services,” says Tibor Földi, Chairman of the Board at Cordia International.
The Modena estate will be built in four stages, the last of which will be completed by 2028.