July 31, 2019

Building H in TriGranit’s Bonarka for Business handed over

Building H in TriGranit’s Bonarka for Business handed over

Building H, the 8th element of TriGranit’s Bonarka for Business (B4B), one of the most popular office complexes in Krakow, has been just handed over. The eight-storey, Class A office building with 9,855 sqm GLA has already 45 percent occupancy level, while Building F has obtained 100 percent occupancy level recently. Overall, in total more than 11,000 sqm new leases and lease extensions in the Bonarka offices in 2019 so far. Tenant satisfaction in the complex remains extraordinary, and due to strong and stable demand both in the complex and in Krakow, TriGranit prepares the delivery of further two office projects in the B4B office complex, Building I and J with 10,000 sqm GLA each.

The 9,855 sqm GLA Building H with the highest building standards has received the occupancy permit at the end of April 2019 and has just been officially handed over, extending the Bonarka for Business office complex to over 75,000 sqm modern office space. The compelling office building with a façade half made of glass has received the BREEAM® certificate at the ‘Very good’ level. With first tenants - City Break, New Work and Herbalife Nutrition - the building reaches an occupancy level of 45 percent. As new tenant and first canteen in the whole B4B complex, City Break has opened its 400 sqm restaurant on the ground floor, while New Work, one of the Top 3 Service Office Providers in CEE, has signed their office lease agreement for ca 2,800 sqm.

“I am very pleased with the launch of Building H, the 8th building in our Bonarka for Business office project in Krakow which now consists of close to 75,000 m2 GLA. We are benefitting from the strength of the Central and Eastern European economies and healthy office market dynamics. We will be launching this year the construction of further two office buildings in the B4B complex, for a total of 20,000 sqm GLA and the first phase of Silesia for Business in Katowice with 26,000 sqm GLA this summer. The construction of Millennium Gardens office development in Budapest with 37,000 sqm GLA is progressing well with completion anticipated in Q2 2021. With these projects, TriGranit’s office pipeline is close to 100,000 sqm GLA in three CEE cities,“ said Tom Lisiecki, Chief Executive Officer of TriGranit.

“With this lease, we extended our foot print in Poland to the 3rd City (beside Warsaw and Lodz). We believe in Krakow as one of the most dynamic Office markets and we will sign a 2nd location soon. Bonarka for Business office complex is an excellent opportunity for New Work to provide corporate Clients with flexible work space solutions as well as small and midsize entrepreneurs and we plan to extend our services here with a conference and meeting Center available for all tenants at B4B complex,” said Hubert Abt, CEO of New Work.

Due to the busy leasing activity in other buildings in the complex, new lease, renewal and lease extension agreements of altogether 11,316 sqm GLA were signed in the previous months. Herbalife Nutrition, a long-time tenant of B4B whose purpose is to make the world healthier and happier, has prolonged its 2,150 sqm lease agreement in Building C and has also decided to expand its current office space with 1 additional floor (1,278 sqm GLA) in Building H. In addition, GlobalLogic, a company providing full-lifecycle software product development services has recently signed a lease agreement for additional 2 floors on altogether 2,585 sqm GLA, and will occupy a previous tenant’s office space in Building F, so the company will lease altogether 6,465 sqm GLA in the complex. In February 2019, Hemmersbach, an international company that provides comprehensive IT services on an industrial scale, has occupied the last available vacant space in Building F. With their 326 sqm GLA lease, Building F has reached 100 percent occupancy level. Last but not least, in Building E, Vsoft, a long-time tenant in the office complex, decided to prolong their lease agreement for 1,777 sqm GLA.

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