The art of the facelift
Verity Development, the Polish subsidiary of international investment and development company the Verity Group, has begun renovation of a historical tenement in the center of Wrocław which it plans to convert into luxury apartments and high-quality office space. Renovation work is scheduled for completion at the end of this year.
The tenement, which is at ul. Rzenicza 28-31, located approximately 100 meters from the Old Town Square, was built in 1900. It was designed by German architect Karl Grosser and is listed in the Register of Construction and Architecture Monuments in Wrocław. The building boasts an unusual sandstone facade, decorative staircase and columns, all of which make the conversion more challenging.
"Renovation is always more difficult [than building from scratch]. And in the case of an historical building like this one, a number of details have to be agreed upon with restaurators before work can proceed," said Janusz Rudnik, project manager. "Restaurators often want the original features to be precisely restored, but it's not always possible."
The first two storeys of the building and its basement, totalling 1,700 sqm of space, will house offices after restoration is completed. The remaining part has been divided into 14 luxury apartments. Most of the building's space will be refurbished using high quality materials, including marble and Brazilian wood.
"Our investment strategy is to have a diversified portfolio of projects in unique, prestigious city-center locations across Poland. We expected a strong demand for high-end, very high-quality apartments in old tenement buildings such as Rzenicza. Our expectations were confirmed by the level of interest in purchasing luxurious residences in this exclusive project," said Youssef Barin, Verity's executive manager.
Anna Kapica-Harward
