Prime Holdings Group has announced it has completed the sale of its 100% interest in the Lodz 1 project in Poland to local investment group Domena s.k.a.
According to Prime, the Lodz 1 project is located on Pilsudskiego Street near the central Piotrkowska Street. The property consists of an office complex offering 6,400 square meters of gross leasable area on a land plot of more than 10,000 square meters.
Prime reports that during the holding period, it obtained several urban planning approvals that allowed for a substantial expansion of the project to approximately 45,000 square meters of mixed-use space.
“Lodz 1 is a flagship example that showcases Prime’s investment strategy and how we operate in the market,” said Prime Holdings Partner and Co-Founder Roy Linden. “We focus on assets that enable us to define and efficiently execute our development strategy, typically over a five-year horizon. By targeting properties where we can leverage our expertise to unlock potential and significantly increase value over the investment cycle, we create opportunities for long-term growth. This often involves repositioning or converting commercial assets to align them with current market dynamics and the distinctive character of each location. We have a strong conviction in the CEE region and are actively seeking suitable investment opportunities in Poland, the Czech Republic, and Hungary to reinvest or deploy capital.”