C&W to commercialise Krakow office park

09
May
2018
News - C&W to commercialise Krakow office park #agent #Cushman&Wakefield #Krakow #leasing #office #Poland

by Property Forum | Office

Cushman & Wakefield has been appointed an exclusive agent for the commercialisation of Fabryczna Office Park under a cooperation agreement signed with the INTER-BUD Group.


“Fabryczna Office Park is a unique project in Krakow. It comprises three office buildings in an area combining office, retail and residential functions. The complex will be delivered as part of the Fabryczna City project developed at the site of the revitalised historical Polmos factory. The INTER-BUD Group is one of Krakow’s first investors to provide a comfortable working, living and leisure environment in a single location,” said Michał Galimski, Associate, Office Agency, Cushman & Wakefield.
 
Fabryczna Office Park is a complex of three modern office buildings in downtown Krakow. It enjoys easy access to public transportation, including trams and buses, in Pokoju Avenue, and a fast commuter rail service which is currently in the pipeline. Fabryczna City also comprises revitalised buildings with numerous retail and service outlets available to office tenants of the complex. The residential part will feature apartments for sale and compact starter flats for lease.
 
Each ten-storey office building will be delivered with a two-level underground car park. Fabryczna Office Park will offer more than 42,000 sqm of leasable office space and 844 parking spaces. Construction of the first building and of the underground levels of the other two began in June 2017. The complex will see its first tenants move in in the first quarter of 2019. The owner and the general contractor of the project, which was designed by IMB Asymetria, is the INTER-BUD Group.



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New leases

  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.
  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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