Kraków Business Park 100: buyers wanted, urgently

When Kraków Business Park opened in March 2001, majority shareholder Pia Piasecki was one of Poland's biggest construction companies. At the moment, the Kielce-based firm is doing its best just to repay its debts and not go bankrupt. They hope selling the KBP 100 office building will help. Great expectations ... The plans were as follows: ten office buildings, (total area of around 100,000 sqm.), on a plot of 14,4 hs near Kraków and a railway station, for employees commuting from the city, would be built and the main tenants would be high technology companies. The first building - KBP 100 -(9,425 thousand sqm.) was to be built for USD 15 million in the first quarter of 2002. ...and harsh reality Where do they stand now? The building has been delivered, but has only attracted one big tenant: The Polished Group, (a subsidiary of Prokom Software), which occupies two floors. It was announced in spring this year that Regus would move into the building, but as yet it has not