Skanska completes High5ive office complex in Kraków

17
Mar
2022
News - Skanska completes High5ive office complex in Kraków #Kraków #office #Poland #Skanska

by Property Forum | Office

With the fifth building of the High5ive complex in Kraków receiving its occupancy permit, the entire project is coming to an end. It has provided 70,000 sqm of office space to the local office market.


Construction on High5ive began in 2016. The office buildings of "The KrakówFive" provided a total of 70,000 sqm of sustainable space, currently used by 26 tenants. Among them are companies of international scale as well as companies that have entered the Polish market for the first time. There are also generally accessible areas that can be used by both office workers and local residents, including green zones with landscaping, great for relaxing and spending time together, a basketball court and an auditorium. There is an anti-smog pavement made of green concrete around the complex, which reduces compounds harmful to humans from car exhaust fumes, including nitrogen oxides in the city air.

"High5ive is a unique project, not only in terms of an excellent location and access to key infrastructure but also because we were able to create a completely new, functional space here. This place, previously undeveloped, has become the business heart of the capital of Lesser Poland. Our investment not only offered the highest quality offices but also, which is very important to us, returned this part of the city to the inhabitants of Kraków," says Marcin Pędrak, Project Director at Skanska’s commercial development business unit in CEE.

The last, fifth building of High5ive (i.e. the third phase of the project) offers tenants over 11,000 sqm of space. Like the entire complex, it was created in accordance with the ESG criteria, as well as the highest standards and the most demanding certificates. The mental and physical health of its users, as well as reduction of environmental impact, were priorities for the investor. Over 35% of parking spaces will offer electric car charging.

This is the first Skanska project in Kraków to apply for the WELL Core & Shell certificate, which evaluates 100 features of the building in terms of the quality of office space. All the solutions used, based on the requirements of this certificate, will help tenants in their daily duties and ensure their safety, as well as physical and mental comfort. The newly commissioned building is also applying for the LEED Platinum certificate and the "Building without Barriers" certificate of accessibility.

The entire office space of the fifth building has already been leased, including by zooplus, Spyrosoft, and Business Link, a flexible office operator. All buildings of the complex have been sold to investors. The last of them was acquired by Stena Real Estate BV at the beginning of 2022.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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