Wawel Chocolate Factory, Krakow, Poland
Tribeach negotiated the purchase and assemblage of several lots from a prominent chocolate company. Well located across from the newly-built Galleria Kazimierz along the Vistula River, the area is just a 15 minute walk from Market Square. While under contract and before closing, the re-zoning process successfully changed the former industrial site to residential with some commercial-retail space at grade. Upon closing, with the assemblage and re-zoning in place, Tribeach sold the improved development at multiples of its actual cost. The decision to sell a site in this improved state is part of our overall business plan, permitting profit-taking over a shorter period while reducing risk.