TriGranit has laid the foundation stone of the first phase of its new Class-A office development, Silesia for Business in Katowice, Poland. The office building will be the final element of the mixed-use development project of TriGranit, started 15 years ago and realised on a 30 hectares large brownfield area. The post-mining area today includes a shopping mall and residential estates, while the new office building, providing approx. 26,000 sqm GLA and more than 400 parking spaces, is expected to be completed in Q4, 2021.

Spaces, a global concept originating from the Netherlands and offering solutions in the area of ​​flex work and coworking spaces, has leased over 3,300 sq m of space in the historic Matejki 3 building, which was previously the headquarters for the Union of Silesian Insurgents. The opening of this new branch of Spaces is scheduled for the end of 2020 or the beginning of 2021. Experts from JLL advised Spaces during the process of searching for the office and negotiating lease terms.

Nearly 70,200 sqm of office space is currently under construction on Katowice’s office market, according to Cushman & Wakefield. Of the six projects underway, the largest is Face2Face Business Campus, comprising two phases with a total of 46,800 sqm.

Globalworth confirms the closing of the acquisition of two office buildings in Poland for a total transaction value of €113 million. Retro Office House in Wroclaw and Silesia Star in Katowice offer over 50,000 sqm of modern office space, and through the companies present in these properties add approximately 10,000 new employees and visitors to Globalworth’s Polish portfolio community, which is now 110,000 strong on a daily basis.

According to Cresa’s report, Katowice’s office stock has increased by nearly 9% over the year to almost 520,000 sqm at the end of the first quarter of 2019. More than 30,000 sqm is expected to be added to Katowice’s office stock by the end of this year.

Globalworth announced the conditional agreement for the acquisition of two investments in Poland, which were identified as part of its acquisition pipeline announced on 11 March 2019, for a combined transaction value of €113.2 million. The transaction is expected to close by the end of July 2019, subject to the fulfilment of customary conditions.

At the end of 2018, the total office stock of Katowice, Poland’s fifth largest office market, stood at 519,300 sqm. Last year’s new supply amounted to 50,800 sqm (+218% y/y) delivered across ten office projects, the biggest completions being .KTW (18,200 sqm), Silesia Business Park IV (10,700 sqm) and GPP Business Park IV – Bloch (7,500 sqm). Another 52,000 sqm of office space is expected to be constructed at seven new office schemes in the coming 12 months, according to Cushman & Wakefield.

Skanska has sold Buildings C and D of the Silesia Business Park, a four-building office complex in Katowice. The buyer is ISOC Group, a diversified real estate and infrastructure investment group, based in Manila, Philippines. This is Skanska’s first CEE office divestment transaction to a Philippine investor. With the sale of buildings C and D, the developer has now sold all four properties in the Silesia Business Park complex. Buildings A and B were divested in 2015 to a Swedish investor.

A milestone has been reached on the way to the completion of Building H, the 8th element of Bonarka for Business (B4B) office complexes in Krakow. The construction reached its highest point on the 16th of October, according to the construction schedule. TriGranit is preparing the further phases of the development, Building I and J with 10,000 sqm GLA each.

Excavators have entered the construction site of the office building Face2Face Business Campus located in Katowice. The new project of Echo Investment will offer 21,000 sqm of space.