Łódź sells city land for record PLN 85 mln

During an auction on Friday, the city of Łódź sold a plot of land in Nowe Centrum Łodzi (NCŁ) for PLN 85.2 million. This is the biggest land sale in the city’s history. The new owner of the property will be the Ghelamco company, the Łódź magistrate informed PAP.

The starting auction price for the land, with an area of 20,000 sqm, was set at PLN 60 million. It was the most expensive piece of property ever put up for sale in Łódź. Three companies took part in the tender: Budomal, Ghelamco, and Polcom Investment (which belongs to HB Reavis).

The land is situated between the new Łódź Fabryczna train station and the historic EC1 power plant. Nine buildings will be built on this plot, including residential and service-oriented structures.

Nowe Centrum Łodzi is one of the biggest urban development programs in the city’s history. The once neglected 100-hectare area is set to become an attractive public space in the coming years, with the  Łódź Fabryczna underground station as its centerpiece.

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