Futureal Investment Partners will begin the renovation of the Wratislavia Tower office building in the city centre of Wroclaw, Poland.
“Wratislavia Tower provides us with another fantastic value-add opportunity. We are planning to redevelop the building into a modern, high-quality retail, entertainment and office building with a focus on IT tenants. This is in line with our strategy of generating above-average returns from value-add and opportunistic situations,” said Karol Pilniewicz, CEO of Futureal Investment Partners.
The renovation will include upgrading the facade, and technical installations, including the heating, ventilation and air conditioning (HVAC) system to reduce electricity and water consumption to create a more sustainable building and obtain the BREEAM Excellent In-Use certificate after the completion. The building’s entertainment areas will be completely renovated, including the modernisation of the cinema, and several electric cars charging stations will also be installed in the underground car park. More than half of the complex will be leased by the City of Wroclaw.
“We believe that this strategy will result in a smaller carbon footprint compared to the development of new buildings,” highlighted Karol Pilniewicz.