Construction has begun at Infinity, a modern office project developed jointly by Avestus Real Estate and European Property Investors Special Opportunities 4 (EPISO 4), a fund advised by Tristan Capital Partners. Located in the very centre of Wrocław at John Paul II Square (at the intersection of Legnicka and Nabycińska Streets), Infinity will offer 22,036 sqm of lettable area. The ground works have commenced with completion of the building scheduled for Q3 2020.
The planned investment provides for a seven-storey Class A complex offering 18,727 sqm of office space, 1,561 sqm of retail and service space and a three-storey underground car park with 303 parking spaces. With cyclists in mind, there will be 60 bicycle stands in a closed zone, with changing rooms and showers.
Mariusz Frąckiewicz, Director Poland, Avestus Real Estate, said: “In the recent months we have relocated services, such as heating and power networks and telecommunication infrastructure, that would have interfered with the construction. At the same time, we are also carrying out archaeological research, handled by a team of experienced archaeologists, who know the specificity of the area and the history of this part of Wrocław. We are also finalising the process of selecting a general contractor for the investment and we plan to start construction works in November.”
Thanks to the application of best practices in the field of sustainable design and ecology, the office building will have a BREEAM certificate of Excellent level. The architectural design was made by AHR Architects. The project will be commercialised by JLL.
Marta Wybrańska, Leasing Director, Avestus Real Estate, said: “Infinity has received a significant level of interest in the market. The process of commercialisation has been divided into two stages: the retail and service stage and the office stage. In the case of the former, we are already finalising several lease agreements, thanks to which Infinity spaces will include a grocery store canteen, café, bank, as well as a 1,200 sqm fitness centre and a medical clinic. Thus, we are about to reach full occupancy of the entire retail and service area. In the case of the office stage, we already have potential tenants for over 50% of the office space, with whom we are currently conducting advanced negotiations. We are convinced that the commercialisation process will accelerate even more after construction works are commenced later this year.”
The Wrocław office complex is the second project to be delivered jointly by Avestus Real Estate and Tristan Capital Partners. The first was the Kraków office complex Enterprise Park, with a total area of 61,420 sqm, which was fully commissioned for use at the end of 2017 and now fully let to international corporate tenants including Cisco, Aptiv and Aon.