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Adam Pustelnik, Łódź: Soon real estate tax exemptions possible

"A developer considering an investment in Łódź can count on a range of incentive programmes and instruments prepared by the city. Now the city hall is preparing a legal act that will enable real estate tax exemptions for developers of office space of a scale and cost specified by the act," said Adam Pustelnik, acting director, investor assistance office, Łódź City Hall.
Why we are working on this? Because large scale office investments generate economic activity and create an environment for subsequent investors who can lease such office space. The lack of suitable office space in our city had been the cause economic difficulties for investors who were seeking large and modern office space. And this was lacking in the past. Now that trend has been reversed. There is more and more new office space and I am very happy about this. Developers have started to be interested in Łódź after several years of stagnation. And I can say that - at our local scale - we are seeing an investment boom: Skanska, Ghelamco, and several other developers have started their investments and construction processes or are thinking about starting soon.

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