by Property Forum | Office

GTC S.A. signed a €46.5 million new loan agreement with BZ WBK for refinancing of Korona Office Complex. The complex offers about 36,800 sqm GLA in Kraków.

The new loan significantly improves the financing conditions and the debt maturity profile. Korona Office Complex was constructed in 2003-2014 and underwent significant refurbishment in 2017.
 
It currently accommodates several Polish and international companies from IT, finance, BPO, consulting and other sectors. In 2016 IBM, GTC’s long-term client, signed a lease extension for the Galileo building for another 5 years and the company now occupies over 16,000 sqm GLA in the complex. In addition to IBM Business Consulting Services, office tenants include Raiffeisen Bank Polska, Scanrent, Halliburton, State Street, Genpact, Hitachi Vantara, Deloitte, and Arup