The developer OKAM has purchased a huge (62 ha) post-industrial area in Żerań, Warsaw. This is one of the largest transactions of this type on the real estate market, not only in the capital but also throughout Poland. However, the amount has not been disclosed.

"By purchasing this area, once used for car production, we made one of the largest acquisitions of this type in the market in just one transaction. Undoubtedly, the scale of the investment will be huge and the preparation itself will take several years, and the multi-stage implementation will cover several next ones. the challenge we will face at OKAM," CEO Arie Koren said.

As Koren emphasized, the developer plans "to take measures to make this place more attractive for current and future tenants and to provide them with the possibility of continuing their activities".

"It is very important for us to leave the character of this extraordinary place so important in the history of the Polish automotive industry, therefore the investment will be carried out by us respecting the past and will be preceded by consultations with interested parties," Koren assured.

The company has extensive experience in the revitalization of post-industrial areas. Among them is the Bohema – Strefa Praga project carried out in the Praga-Północ district of Warsaw, in the area of, among others, the former Pollena-Beauty factory. OKAM also plans to implement a project on plots of the former Danone factory. In turn, in Łódź, OKAM has completed the ŁÓDŹ WORK investment (the site of the former Teodor Meyerhoff factory), as well as Zone 217 Piotrkowska, where the Józef John iron foundry was once located.

(Business Insider)