Virako secures building permit for Monopolis project in Łódź

Developer Virako has obtained a building permit for its planned Monopolis mixed-use project in downtown Łódź, which will involve the revitalization and redevelopment of a historic post-industrial site that previously housed a vodka distillery. The scheme, which the company officially presented last month, will comprise a total of almost 24,000 sqm of office space, as well as retail, cultural and recreational areas with JLL acting as the exclusive leasing. Construction work on the first phase of the development, involving the revitalization of the existing buildings of the former distillery and the development of 7,000 sqm of office space, is scheduled to launch in the second half of this year and finish in H2 2018. Two new buildings, comprising 8,770 sqm and 8,150 sqm of office space, are to be completed in 2019 and 2020. The project was designed by Grupa5 Architekci in cooperation with a local architectural studio. Virako has been active since 2001 and is known in Łódź for its Centrum Biznesowe Faktoria and Forum 76 Business Centre office projects.