Budapest & Krakow, 6 May 2016 –Two new office buildings with 20 000 sqm GLA are available for tenants in Krakow’s most popular and respected office park, in Bonarka for Business, Building F and G. Although more, than 60% of the two buildings is leased, there are still available free spaces in the popular office complex. At completion, the B4B project will consist of 10 buildings with a total area of 95.000 sqm GLA in an overall investment amount of EUR 200 million. The developer of the office complex TriGranit, one of the largest fully integrated, real estate platforms in Central Europe sees a huge potential in the office market in Krakow due to the active BPO sector and waits further expansion in the sector especially in the secondary cities of Poland.
After opening Bonarka City Center in 2009, the first two buildings, A and B of the Bonarka for Business opened up in 2011, followed by Building C in 2012, Building D in 2013 and Building E in 2015. These 5 buildings already provide 45,000 sqm GLA for the tenants like Alexander Mann Solutions, State Street, Pega, Pure Jatomi Fitness, Euroclear, Herbalife, and Lufthansa Global Business Services among others. The unique location in Krakow’s Podgorze district, the expansion possibilities and the awards gathered for the best public space, made B4B the number 1 choice office complex.
While the sixth building, Building “F” will be ready in the next quarter of 2016 and Building “G” is planned to open for the first half of 2017, more than 60% of the buildings have been already leased. Euroclear, the Belgium based financial services company, tenant in Building C since 2012, is going to lease the whole Building G, as they need more space. GlobalLogic, a full-lifecycle product development services provider signed a lease agreement in Building F for 2 548,6 m2. The 8 storey buildings with 10 000 sqm GLA each, will offer a modern, employee friendly office space with BREEAM certification, fully taking into consideration the tenants needs.
“The BPO and the engineering services sector, which has been performing very well lately, occupies approx. 50% of the existing Polish regional office stock. Within this, the biggest employment is concentrated in Krakow, where foreign business service centres employ 35,700 employees, representing 24% of the total employees of BPO’s in Poland. According to some research, 150,000 office jobs could be created in Poland’s secondary markets in the next few years, representing a significant boost to the country’s GDP. This is why TriGranit is a strong believer in offices in the secondary cities in Poland and 2016 will be the continuation of the developments in Krakow – says Tomasz Lisiecki, Chief Investment Officer of TriGranit.
Poland is one of the focus markets in the region for TriGranit in the future, the company sees great potential for the next years in the Polish market for shopping centres in regional cities with a population under 500,000 and also for office building developments in Poland’s large regional cities. Currently, the company has a pipeline of over € 500 million of developments in Poland, consisting of 2 retail projects with 160 000 sqm GBA and 8 office buildings offering around 135.000 sqm GLA, all of which are scheduled for completion within the next 3 to 5 years.
TriGranit is one of the largest fully integrated, privately owned, real estate platforms in Central Europe, focusing primarily on quality retail and Class “A” office buildings in strategic urban locations. TriGranit conducts a full spectrum of real estate activities including acquisition, development, construction, and as property and asset management. In its two decades of operation, TriGranit has developed nearly 50 landmark projects creating 1 million square meters of GLA in 7 CEE countries and has won more than 40 highly prestigious international awards.