Chance for quarter 21

Chance for quarter 21

Szczecin Renovation Center has signed a preliminary agreement with a Swedish investor who wants to buy and renovate the property in Obrońców Stalingradu and Śląska street in the quarter no. 21 in the city center.

The agreement was reached on January 13th. Investor was represented by Magnus Isaksson. The company that will own and manage the project is Polish limited liability company based in Szczecin. The majority owner of the target company will be the group of investors (investment funds).
Quarter no. 21 is an area between Obrońców Stalingradu, Śląska, Księcia Bogusława X and Jagiellońska street. According to the agreement the investor is obliged to buy the properties at Śląska no. 45,46,47,48 and Obrońców Stalingradu no.12 and 13. The project involves the reconstruction of approximately 15-20. 000 sq. m. The cost of the investment is between 70-100 million PLN.