Union Investment will rebuild shopping center

Infine is the general contractor of the reconstruction, to be carried out on the basis of a project by the Sud Architekt Polska workshop, of the "Manufaktura" shopping complex in the area of Drewnowska, Ogrodowa and Zachodnia streets in Łódź. The enterprise, prepared by Union Investment Real Estate GmbH, is going to consist of works worth approx. 90 mln PLN, to be carried out within a period of 17 months. The investment is going to consist of increasing the area of the retail space by approx. 1,000 sqm, the replacement of the lighting system (with the participation of SKR Light), replacement of air-conditioning and the renovation of service-gastronomy zones.
Let us recall that in February 2016 we signaled the possibility of the development of the center, while in August 2012 we wrote about the purchase of "Manufaktura" with a lease area of approx. 112,000 sqm by Union Investment Real Estate from Fonciere Euris, Rallye and Apsys (the last one of these subjects remained the manager of these outlets). Meanwhile, in May 2014 we informed that the contractorship of a multi-level parking garage with 420 parking spaces has been entrusted by the investor to the Budecon company. The value of the order, planned on the basis of documentation prepared by Sud Architekt Polska, is estimated for 5 mln euro. ■