Warsaw, Poland – 25.01.2026 - Alides Polska, the Polish subsidiary of the Belgian international real estate developer and investor, announces the joint acquisition of the historic Fabryka PERUN site at Grochowska 301/305 in Warsaw’s Praga-Południe district, together with a private co-investor. The sellers are Soho Development and Cordia Polska.
A unique redevelopment opportunity in a prime, well-connected district
The nearly 10,000 m² property is situated along Grochowska Street, one of Warsaw’s key arterial routes, offering excellent public transport connectivity and direct access to the city centre in approximately 15 minutes. The site is also conveniently located near Warszawa Wschodnia (Warsaw East) Railway Station, Stadion Narodowy Metro Station, and the future Mińska M3 Metro Station.
Future residents will benefit close proximity to expansive green and recreational areas, such as Skaryszewski Park and the Royal Election Fields Park, alongside a vibrant mix of local services, amenities and community infrastructure.
Revitalizing heritage through contemporary living
Fabryka PERUN holds a valid and final building permit for a redevelopment that respectfully blends the restoration of historic industrial structures with high-quality modern residential architecture. The project will offer:
- 7 new residential buildings comprising 242 apartments (+12.000 m² of residential space)
- 2.012 m² of retail and service areas
- An underground garage offering 212 parking spaces
The masterplan envisions a welcoming entrance from Grochowska Street leading to a central courtyard that showcases the renovated heritage halls. The new residential buildings will frame the interior of the site, creating a cohesive urban ensemble. The neighbouring public square will also be upgraded as part of the project.
Strategic growth through partnership
“This strategic co-investment marks an exciting new chapter for us in Praga-Południe,” says Luiza Grunwald, Project Director at Alides Polska. . "By combining historic industrial architecture with contemporary residential design, we will deliver a unique, high-quality urban environment that honours the site’s heritage while meeting the expectations of future residents."
Rikkert Leeman, CEO of Alides, adds: “This acquisition in Warsaw underscores our continued commitment to the Polish market. Together with our private co-investor, we are pleased to take on a project of such significance, one that will bring new vitality to a historically rich part of the city.”
Legal support for the transaction was provided by Sadkowski i Wspólnicy Sp. k..
About Alides
Alides (www.alides.be) is a renowned international real estate investor and developer specializing in office and residential properties, with a strong presence in prime urban locations in Belgium, Poland, and Luxembourg. Its mission as " Your Partner in Real Estate” stems from the roots of the Ghent-based Maes family (founded in 1892) and is translated into a "Real Estate Upcycling" strategy with a focus on quality, sustainability and innovation.
Alides Polska (www.alides.pl) is a subsidiary of the Belgian developer and investor Alides, active on the Polish market since 2017. The company has already completed several key transactions, strengthening its position in the Polish real estate sector. In 2017, Alides Polska acquired a 16-hectare site of the Imperial Shipyard in Gdańsk. This was followed in 2021 by the purchase of the Waterside office building, also in Gdańsk. In 2022, the company entered the Warsaw market by acquiring a plot at 53 Karolkowa Street for a new residential project. Continuing its growth trajectory, the investor has recently expanded its portfolio with a property in Sopot, the Metron office building located next to the “Wierzbno” metro station, as well as two additional plots in Warsaw’s Odolany area.
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