March 11, 2019

.big Ghelamco’s office building in Kraków changes owner

.big Ghelamco’s office building in Kraków changes owner

The .big office building in Krakow, built by Ghelamco Poland, has a new owner. The companies within Ghelamco group signed the sale agreement. The transaction value is approximately €33 million.

Ghelamco finalised the sale transaction of a modern office building .big in Kraków. The main tenant of the building is State Street, an American financial services company, which occupies approx. 9 000 sq m of space. The building’s value is estimated at €33 million. For the transaction, experts from Cushman & Wakefield advised Ghelamco whereas law firm Dentons provided legal support.

“Our first project in Krakow has drawn considerable interest since the very beginning and has instantly found a strategic tenant. A boutique-like character, top standards of office space, sophisticated solutions, and location very near to the city centre have contributed to the project’s commercial success, resulting in the sale of the building shortly after it has been finished. I am convinced that the new owner will be pleased with this choice,” said Jeroen van der Toolen, Managing Director CEE, Ghelamco.

Soren Rodian Olsen, Head of Capital Markets at Cushman & Wakefield, added: “Ghelamco’s .big development is a truly unique addition to the Kraków office market, offering contemporary architecture and views to the famous Wawel Castle in the Old Town, as well as being easily accessible by car and public transport. We are very proud of having advised Ghelamco on their first disposal in Kraków.”

The .big project is Ghelamco Poland’s first office building in Krakow. It is attractively located at the junction of Kapelanka and gen. Bohdana Zielińskiego streets, close to the city center and in vicinity of Skały Twardowskiego forest and Zakrzówek reservoir. The five-storey building provides over 10,000 sqm of space. There are commercial spaces on the ground floor and a patio with a small garden on the first floor. In addition, the tenants benefit from terraces and around 200 m of space on the roof, overlooking Wawel. There is a parking lot under the building as well as places dedicated to cyclists with showers and lockers.

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