Maximizing value by changing its purpose - new life for real estate

27 March 2024

The property located in the very center of Warsaw's Praga changed its owner to Syrena Invest, which has been operating on the market since 2007 thanks to the initiative of a Spanish investor. Syrena Invest specializes in residential and service construction, project management and investor support, which makes it a strong and experienced player on the real estate market. The company's portfolio already includes several completed projects in Warsaw, which proves its established position on the market. The subject of the transaction was a plot of land with an office building. Throughout the entire transaction process, Walter Herz provided advisory support in preparing the ground for sale.

A unique property with residential potential

The Walter Herz consulting company successfully completed the sale of a unique property in Warsaw's Praga district, using an innovative approach that significantly increased the market value of the property. The basis of the consulting strategy was to present the office building not only through the prism of its current commercial role, but also as a place with great development potential in terms of future residential development. Focusing on the housing potential, in line with the applicable local development plan, opened the way to a significant increase in the value of the property. Planning conditions allowed the implementation of the housing project.

Strategic location as an advantage

The location of the property has gained particular recognition due to its strategic location. The proximity of the main arteries of Warsaw's Praga and the railway station provides quick access to the central parts of the city. Additionally, the green surroundings, well-developed public transport and numerous services in the area have additionally increased the attractiveness of the area for residential investments.

New possibilities and value

“The sales strategy was based on a flexible approach to this property, which assumed maximization of value by changing its purpose. This is a facility with high residential potential, which directly contributed to the increase in its value," comments Katarzyna Tencza, Transaction Director at Walter Herz. "Traditional office spaces can evolve, revealing new, lucrative investment paths. This is a clear signal to the market, that flexibility and adaptation are the keys to maximizing property value.”

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