News Article Cavatina Holding Katowice Office Poland
by Property Forum | Office

The development, located in the centre of Katowice, will offer nearly 48,000 sqm of office space, more than 1,000 sqm of green terraces, outdoor areas and social spaces. Construction of the building has already begun.

“Our latest project – Grundmanna Office Park – is Cavatina Holding's second investment in Silesia. Dynamically developing companies from, among others, the IT and services sectors need modern, well-located spaces. The good experience from the commercialization of Global Office Park has confirmed the great potential of Katowice. We also know that we can effectively support tenants by creating flexible and attractive spaces with a rich infrastructure to attract talent. The land base we have secured in prime locations allows us to continue our rapid growth. The new office complex is part of Cavatina Holding's strategic plan to reach a 1 million sqm investment portfolio by 2025”, says Tomasz Zydorek, Leasing Director – Katowice, Cavatina Holding S.A.

This year alone, Cavatina finalized the sale of three buildings for more than €139 million. Katowice is one of the seven markets in which the Cavatina Group operates, focusing primarily on city-generating mixed-use projects.

The name of the development is not coincidental and refers not only to the location on Grundmanna Street, but also to the legacy of the famous Katowice resident who contributed to the development of the city and its industrial transformation. Cavatina aims to revitalise the Downtown (Śródmieście) area and build a sustainable project that will bring "real value to both tenants and the local community".

Offering 48,000 sqm of office space, the complex will consist of two 7-storey buildings connected by a green patio, more than a thousand above- and below-ground parking spaces, green infrastructure and numerous amenities for tenants. Flexible co-working spaces of a higher standard have been designed in the buildings. The ground floors will provide retail and services, including restaurants, cafés, a laundry, a hairdresser, a florist or a parcel machine.

The Cavatina Holding team of architects is responsible for the design of the complex. The developer plans to fulfil the requirements for BREAAM and WELL Health-Safety Rating certifications.

According to JLL data, the office stock in Katowice at the end of Q3 2022 amounted to more than 716,000 sqm, ranking it fifth in terms of supply levels right after Warsaw, Krakow, Wrocław and the Tri-City. In the first three quarters of this year, 117 thousand sqm of office space was completed in Katowice, the most of any regional market. Of this, as much as 55,000 sqm was delivered by Cavatina Holding as part of the two Global Office Park office towers. At the end of September, however, only less than 73,000 sqm was under construction in Katowice. And market analysts forecast that the supply gap may also reach office markets outside the capital as early as 2024.