News Article development Krakow lease office Poland TriGranit
by Property Forum | Office

Building H, the recently handed-over eighth component of the Bonarka for Business (B4B) project of TriGranit in Kraków, reached an occupancy rate of 60%. This Class A building, with an overall rental area of approx. 10,000 sqm, was handed over for use in April this year, simultaneously becoming the new office of, among others, the Aterima company, a long-time B4B tenant. Due to the large demand in Kraków for Class-A offices, TriGranit plans to construct two more buildings in the office complex (I and J), with a rental area of approx. 10,000 sqm each.

Aterima, a recruitment company registered in Kraków and long-time tenant at the Bonarka for Business complex, has decided to rent further 1,255 sqm located on the fourth floor in Building H. With this newly rented area, the occupancy rate of this building is now 60% – all this in just 4 months from the final handover. At the same time, as an expression of its satisfaction, Innogy, one of the largest energy companies in Europe and also a long-time tenant at Building E, decided to extend the lease contract for approx. 2500 sqm.

“I am pleased to welcome our long-time tenant to the eighth building of the B4B complex. This is evidence that Bonarka for Business delivers one of its promised benefits: the possibility of expansion without having to leave the complex. In order to meet further demand for Class-A office space in Kraków, TriGranit will begin the construction of two new office buildings in the B4B complex, which will provide another 20,000 sqm. Moreover, the first stage of the Silesia for Business project will be started in Katowice, with a total rental area of 26,000 sqm while there is also an office project – Millennium Gardens – in Budapest, with a total rental area of 37,000 sqm, that is currently being developed on schedule, and its final handover is planned for Q2 2021,” said Tomasz Lisiecki, Chief Executive Officer of TriGranit.

The B4B office complex is a project consisting of modern Class A offices, consistent with the current highest standards, located in the heart of Bonarka City Center – a multifunctional city centre in the Krakow Podgórze district, close to the historical centre of Krakow, the city’s main arteries, the Krakow ring road and the A4 motorway. This city centre project is a unique development on the Krakow retail and office market as it is a classic brownfield project – where a 19 ha industrial area had been turned into a modern business area. Buildings A, B, C, D, E, F, G and H are already completed, offering 75,000 sqm GLA to the tenants. The construction launch of the next building (I) is under preparation. Due to the active office market in Krakow, a further building (J) is planned to be built in the coming years. Currently, the B4B buildings A, B, C, D, E, F and G are operating with a 100% occupancy rate. The main tenants in the complex are Alexander Mann Solutions, State Street, Euroclear, Pegasystems, Herbalife Nutrition, Lufthansa Global Business Services, Innogy, SolarWinds, Global Logic and New Work. Ultimately, Bonarka for Business will offer altogether 10 office buildings with a total leasable area of 95,000 sqm with a value of €200 million.