FIM's new face

Although the FIM Tower - the 14,500-sqm office building located on the corner of Al. Jerozolimskie and ul. Chałubinskiego - was completed only ten years ago, the Endurance Fund, managed by Orco Property Group, plans to renovate the B+ office building which it acquired last July. The works on the facade will last some three months and the building should be ready by July 2007. Orco has not disclosed the value of the investment.

In order to refurbish the building and improve its image, the company has planned to renovate the inside, a project which is planned for completion by February or March 2007. The works in the main lobby and on the facade will start in Q1 2006, once the developer gets a building permit.

The outline of works and the design has been prepared by Christian Biecher & Associes, a French architectural studio, supported by a local firm, Pastewka i Strój. The lobby will get a modern and stylish image. As a result of the renovation, the building will become more spacious. A new facade will also be added. When lit at night, the new design is expected to make FIM Tower resemble a mountain of crystal.

The acquisition of FIM Tower reflects the Endurance Fund's strategy of finding and buying new buildings which need rebuilding or renovating, and finally leasing them to a new group of tenants. The renovation of FIM Tower will result in an increased standard of office space and a revitalization of the very center of Poland's capital city.

Andrzej Wróbel