GTC secures refinancing for Kraków office complex

08
Dec
2017
News - GTC secures refinancing for Kraków office complex #GTC #Krakow #office #Poland #refinancing

by Import Sys | 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



Latest news


New leases

  • Intersport is set to expand its Romanian footprint by opening its largest store within the Iulius network at the Rivus urban regeneration project, which is under development in Cluj. Spanning more than 1,000 sqm, the new location will serve as a flagship store.
  • HS Hydro & Spa has leased space at Logicor Bucharest III Pallady, in a deal brokered by iO Partners.
  • Piața 9 will open its first Bakery P9 location in Bucharest, on a 200 sqm area located on the ground floor of Victoria Center office building. The deal was brokered by Colliers.

New appointments

  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
  • iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.
  • Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.


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