Revitalization of the former Norblin Factory – ArtN – EuropaProperty

Capital Park has began construction of its flagship multi-purpose entertainment, service and office project ArtN in Warsaw. The project, combining historic and new architecture, will offer, offices boutiques, state-of-the-art solutions, entertainment, food and beverage concepts, a bio-bazar, cinema and Norblin Factory Museum.

ArtN will cover more than 64,000 sqm of usable area, including 40,000 sqm of Class A office space and 24,000 sqm of entertainment-service-trade-cultural areas.

Construction work will be financed by the investor for a further 10 months, after which the funds will be from a loan. A credit agreement has been signed with Pekao S.A. for around €160 million. The Capital Park Group is currently in the process of selecting a general contractor to be selected by the end of the year. Construction will take three years and will end in the fourth quarter of 2020.

“Capital Park Group purchased the former factory site in 2008. The project we are presenting today is the result of many years of work by the whole team involved in its implementation and many millions of investment. Over the years, the concept has evolved with the changing expectations of customers and tenants. From the beginning, however, we believed in the success and extraordinary potential of this project, despite the many investment challenges we faced,” said Kinga Nowakowska, CEO of ArtN and member of the board of Capital Park. “ArtN will be an example of new quality in the market, a place combining history with state-of-the-art solutions and an unprecedented number of features. The museum, theatre, cinema, numerous gastronomic concepts, boutiques and BioBazar will give this space a special character and will become a destination for both employees of local offices, Warsaw residents and visitors to Warsaw,” she added.