Game and interactive art center EC1SE

Challenge:

The need for revitalisation of old mechanical workshop buildings as well as the development of the adjacent land as part of a bigger revitalisation program of the city centre.

The client had to implement a new concept for the use of old buildings as well as  the adjacent land potential. Non-standard attitude towards the “second life” for those assets was a must as the market already offers a lot of interesting places to visit.

Approach:

Innovative and business wise solution created.

After a few months of a project execution, the scope of work was as follows:

• Assessment of the current status of the site in technical and legal areas.
• Creation of a long list of potential functions for the property, evaluated later on the basis of a list of criteria, jointly prepared and further approved by a client.
• Detailed description and further evaluation of a top ranked functions mix – with the leading format of development as “the centre for computer games and comics”. Preliminary search and consulting for private partners for the investment were also carried out.
• Further technical, financial, legal and organisational analysis for the leading concept including support in the financing-related aspects e.g. financial engineering on funding sources, EU funding application, optimal state aid schemes and tackling the tax-related issues.

For the external competencies, proven technical ones, architectural, and other experts were hired and coordinated. The internal competencies consisted of business, financial and legal ones.

Value:

Making the investment feasable, thanks to the combination of public knowledge, the team effort as well as public and private financial resources.

As a result of the completed work and the prepared documentation, the structure for investment financing was prepared. Moreover the external private partners for the co-running of the investment were also a part of the process.