| Lodz (pronounced ‘Wooch’)
Lodz is Poland’s second largest
city with a population of 1 million. It is just 2 hours (137kms)
south-west of the capital Warsaw, in the centre of the country.
Lodz was an important textile city and was a manufacturing powerhouse
for much of the 19th and 20th centuries. In the recent past, Lodz
suffered from a lack of industry but in the past 3 years, the city
has transformed.
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Lodz is earmarked to become an extra-ordinary
logistics centre for transporting raw materials and finished goods
for all of Europe. Lodz has Poland’s largest railway transit
hub and is less than 10 km from the planned junction of two major
trans-European highways, the North-South - A1 and the East-West -
A2. The Lodz-Lublinek International Airport is set to double in size
in the coming years.
The city boasts many fine third level academic institutions, both
public and private and over 40 research and scientific institutes.
Lodz, the Hollywood of Poland, has a strong film and media production
industry, an Opera house and a Philharmonic Orchestra. The wide streets,
plentiful buses and trams, and the central squares make Lodz a very
livable city. The main street, Piotrkowska Street is 7kms long, the
longest shopping street in Europe. The superb Manufaktura Shopping
Centre, a 20 hectare complex, built on an old textile factory site,
is smack in the city centre. There are 7 National parks within an
hours drive and the Museums of Textile, Glass and of Modern Art are
world class. |
Lodz is rapidly re-building. New build apartments are much sought
after by a growing ex-pat workforce attracted there by Dell, Bosch,
Siemens, ABB, Gillette and the many other multi-national manufacturing
and logistics companies setting up in Lodz. Rents are on a par with
Warsaw, yet Apartments cost less than 2/3rds that of Warsaw. Capital
appreciation of between 20 and 35% can be expected annually because
of the low number of new apartments in progress.
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