Briefs

Work close to completion at KBP 100

Pia Piasecki Inwestycje, developer of the Kraków Business Park in Krakow, southern Poland, has announced that the first building in the complex, KBP 100, is almost complete. Work on the main structure has been finished, as well as work on the facades.
KBP 100 is a 4-storey office building with 9,425 sqm of leasable space. The Polished Group, member of Prokom Software, has already leased half of the space available.

Port Praski still looking for investor

Port Praski, an attractive plot of land located on the right bank of the Wisła River, is still looking for an investor. Elektrim, the sites owner, informed us that negotiations with several interested companies are currently in progress.
Port Praski comprises c.42 hectares of which c.28 hectares are being offered for development. The rest of the site contains so called green areas. The urban development plan has not been adopted yet, which is hindering the sale of the site.

Island for sale

Authorities in Gdańsk, northern Poland, are looking for an investor to develop 22 hectares in the southern part of Granary Island (Wyspa Spichrzów), located in the city centre.
The land, which is under offer for lease or sale, can be utilised for retail purposes, office buildings, schools, flats, hotels, entertainment as well as leisure and sports centres. Offers are to be submitted by 20 June.
WSC Investment and Mennica Państwowa established the Wyspa Spichrzów company who owns the site and are also planning to build hotels, amongst others, on other parts of the island.

Dom Dochodowy completion slated for December

Platan Group announced last month that their Warsaw project Dom Dochodowy is to be completed in December this year. The complex will comprise three renovated tenement houses offering adapted office space (over 3,000 sqm.) and retail - service units (1,800 sqm.).
Construction and renovation of Dom Dochodowy, located at the intersection of Pl. Trzech Krzyży, al. Ujazdowskie and ul. Mokotowska, is being managed by Euromost. Jones Lang LaSalle have been appointed leasing agents.

SONY Polska move to City Gate

SONY Polska has signed a lease for 1,300 sqm in the Warsaw City Gate office building, owned by PZU Tower.
The lease, brokered by Kancelaria Brochocki, was signed for 5 years. City Gate opened in 2000 and has a total area of 25,000 sqm.

Celebrations in central Warsaw

Von der Heyden Group and Polska Agencja Prasowa (the Polish Press Agency) celebrated the start of construction on PAP's new premises at ul. Mysia, Warsaw. Construction costs of the new building, to be called Liberty Corner, are estimated at PLN 80 mln. The investor, Mysia 5, was set up by VdHG and PAP.
Polska Agencja Prasowa are to occupy 2,500 sqm whilst a further 5,800 sqm are available to lease. The office building, which is slated for delivery next year, was designed at PRC Architekci. The general contractor is Hochtief Polska, Branch Budokor. Knight Frank Nieruchomości, who are leasing the project, have been co-operating with Von der Heyden Group for many years. 

 

Future of TP S.A. office buildings uncertain

A few month back, a rumour going round the Warsaw real estate community reported that Telekomunikacja Polska S.A. was planning to sell or lease its two office buildings located in central Warsaw. At the time TP S.A.'s PR representative, Witold Rataj, said that the management of the company would make a decision within two months about the future of these buildings.
After this two month period we contacted Telekomunikacja's PR department who stated, ,the management has not made a decision regarding what to do with these buildings yet, and we do not know when they will look into this matter. One thing is certain: TP S.A. is not a developer and we will not be leasing or sub-leasing the space."
Witold Rataj added that although the building at ul. Moniuszki is almost ready and the development at ul. Twarda is nearing completion, the staff of Telekomunikacja have not moved into any of them. In his opinion, problems in making any decision stem from the fact that the previous management commissioned the developments and the current management has no idea as to what to do with them.
The construction costs of the ul. Twarda project alone amount to PLN 338 mln.