Fully leased Building G of Bonarka for Business handed over

Office leasing agreements covering 8,000 sqm GLA strengthens TriGranit’s presence in CE 

Krakow, 7 March 2017 – Building G, the 7^th element of Bonarka for Business (B4B), one of the most popular office complexes in Krakow, has been just handed over. The 100% built to suit, eight-storey class “A” office building has 10 000 sqm GLA and will host Euroclear, the Belgium-based financial services company. The ongoing positive economic forecasts for the CE region is reflected also in the busy leasing activity of B4B resulting in ca. 8.000 sqm GLA renewals and new leases in the last months.  Due to the strong stable demand, TriGranit plans the delivery of further 3 office buildings in B4B in the near future.

Bonarka for Business’s 7^th element, Building G has been handed over lately. The eight-storey class “A” office building providing approx. 10.000 sqm GLA is a 100% built-to-suit development. It’s future tenant, Euroclear, the Belgium based financial services company has been tenant in Building C since 2012, and they decided to move to Building G. TriGranit office buildings, thus also Building G was designed with consideration for the environment, which is attested by the BREEAM certificate on a very good level.

“Since 2010, Krakow transformed from a secondary market into a globally recognized office hub due to the increasing employment in the BPO/SSC sector. Currently, nearly 40% of the new regional office stock in Poland is located in Krakow, confirming the potential of the city for the BPO sector.  In order to follow this remarkable demand for office space in Krakow, we plan the development of Building H with further 10.000 sqm GLA in the near future“- said Árpád Török, Chief Executive Officer of TriGranit.

The busy leasing activity of B4B office complex also confirms these positive trends – altogether ca. 8.000 sqm GLA renewal and new lease agreements have been signed in the last months. Pegasystems Inc., a US headquartered software company is going to relocate its office from Building A to Building C, enlarging their office space with almost 4000 sqm GLA. With this expansion, the firm will lease altogether approx. 5.300 sqm GLA office space. Current tenant of Building C, CryptoTech a Polish IT company specialized in information security, has decided to renew their lease agreement. As a new tenant, the Polish based Language Service Provider Lidolang is going to move into Building F and will lease approx. 550 sqm office space on the 1st floor.

In December 2016, SolarWinds, a leading provider of powerful and affordable IT management software, decided to expand their current office space. The firm will occupy the entire third floor in Building E by April 2017. And last but not least, Express, the largest car rental company in Poland is occupying extra 431 sqm GLA in Building F.

About Bonarka for Business  

B4B business park is a project consisting of modern class A offices, consistent with the current highest standards, located in the heart of Bonarka City Center – a multifunctional city center in the Krakow Podgórze district, close to the historical center of Krakow and the city’s main arteries and to the Kraków ring road and A4 motorway. This city center project is a unique development on the Krakow retail and office market as it is a classic brownfield project – where a 19 ha industrial area had been turned into a modern business area. Buildings A, B, C, D, E, F and G are already completed providing 65,000 sqm GLA to the tenants. Due to the active office market in Krakow, further 3 buildings (H, I, and J) are planned to be built in the coming years.  6 of the B4B buildings (A,B,C,D,E,G) are operating with 100% occupancy rate since their opening. The complex of modern office buildings creates a compact layout with a central street and square reminiscent of the function and character of the traditional urban market. Well-designed public space has won numerous awards, “artURBANICA 2012” among others. The main tenants in the complex are Alexander Mann Solutions, State Street, Euroclear, Herbalife, Lufthansa Global Business Services, Innogy, SolarWinds, Global Logic and Luxoft. Ultimately Bonarka for Business will offer 10 office buildings with a total leasable area of 95 000 sqm with a value of EUR 200 million.