News Article investment Krakow Poland retail Rockcastle TriGranit
by Ákos Budai | Investment

TriGranit has completed the sale of Bonarka City Center (BCC) in Krakow to Rockcastle, a property company specializing in retail centres in Central and Eastern Europe. TriGranit, which is owned by TPG Real Estate and was the developer of the shopping centre, will remain the property manager for two years. In addition to managing BCC, TriGranit will remain active in Krakow and is currently developing three office buildings in the ‘Bonarka for Business’ (B4B) area.

The developer purchased and re-cultivated a 19 ha abandoned area in the Podgorze district in Krakow, on which BCC, which has a total area of 92,300 sqm, was opened in 2009. TriGranit developed, owned and managed the Bonarka City Center, which has become one of the company’s flagship projects. The centre has steadily increased footfall numbers and is one of the most visited destinations by Krakow residents. 

TriGranit is proceeding with the development of the next phase of buildings in the B4B Class-A office complex in Krakow. Building F, the sixth building in the office complex in Krakow was launched this September. The eight-storey building has 10 000 sqm of gross leasable area, of which half has been leased before the official opening. Building F will host GlobalLogic and Luxoft, global providers of IT services. Building G will be ready at the beginning of 2017, and is already 100% leased. Due to increasing demand for new office spaces from the active BPO sector, TriGranit plans to deliver a further three office buildings in the coming years. At completion, the B4B project will consist of 10 buildings with a total area of 95.000 sqm.