Ghelamco Poland has started the construction of its first office project in the city of Kraków. The building, called .big, will be located at the junction of Generała Bohdana Zielińskiego and Kapelanka streets. The project will offer 10,000 sqm of office and 1,500 sqm of commercial space. Completion is scheduled for mid-2017. Cushman & Wakefield is the leasing agent for .big.

The construction of building H, the eighth element of Bonarka for Business (B4B), an office complex in Krakow, has recently started. At completion, the office building will provide approx. 10,000 sqm GLA and 209 parking spaces for the tenants, extending the B4B complex to a total of 75,000 GLA. Meanwhile, GlobalLogic, an existing tenant in B4B since 2016, signed a lease agreement for an additional 1,274 sqm GLA.

A subsidiary of NEPI Rockcastle has entered into an agreement to acquire two shopping centres in Poland for an aggregate sum of €249.4 million. Shopping centres Serenada (41,170 sqm) and Krokus 27,728 sqm) are to be extended for a further €212 million thus creating a single integrated shopping centre with a GLA of over 100,000 sqm.

Prosperity on the office market in Lesser Poland’s capital continues, as is evident from the number of new schemes delivered to the market and those under construction and in the pipeline as well as the volume of transactions completed. Experts at BNP Paribas Real Estate Poland highlight that the market dynamics are not to any significant degree affecting rents or the vacancy rate which remain at a stable level.

Kraków is the biggest office market in Poland outside of Warsaw. In August 2017 Kraków surpassed the threshold of 1 million sqm of overall supply. As for H2 2017, JLL expects that the volume of new office space will total 105,000 sqm, which would constitute the second best result in Poland with Warsaw claiming the top position

BNP Paribas Real Estate Poland acting as the exclusive agent commenced the process of recommercialisation of the Class A office space in the Diamante Plaza building in Kraków on behalf of the building’s owner, Aldesa, a leading Spanish construction company.

Cushman & Wakefield has been appointed property manager of Krakow’s office complex Zabłocie Business Park. The scheme is owned by IMS Budownictwo, a local housing developer.

TriGranit is to start the construction of Building H with an area of 10,000 sqm at the Bonarka for Business (B4B) complex in Kraków. This will be the eighth office building at B4B, one of the most popular office complexes in Kraków. At the same time, Bonarka for Business launches its new Tenant Relationship Program to serve the needs of their tenants on a higher level. 

Knight Frank was appointed sole agent to commercialise V.Offices – a project currently under construction by AFI Europe in Kraków – and buildings B and C of the Sportowa Centrum office complex in Gdynia. Knight Frank has also been appointed property manager of the Lobos office building in Kraków, a property is owned by the Lobos Group.

There is currently 1.66 million sqm of office space under development in Poland, of which 965,000 is located outside Warsaw. Historically, this is the highest construction activity registered on Poland's regional markets, JLL reports. During the first three months of 2017, companies signed lease agreements for 371,700 sqm of office space, of which 177,700 sqm was leased on markets outside Warsaw.