Construction has begun at Infinity, a modern office project developed jointly by Avestus Real Estate and European Property Investors Special Opportunities 4 (EPISO 4), a fund advised by Tristan Capital Partners. Located in the very centre of Wrocław at John Paul II Square (at the intersection of Legnicka and Nabycińska Streets), Infinity will offer 22,036 sqm. of lettable area. The ground works have commenced with completion of the building scheduled for Q3 2020.
The Infinity office building combines top quality space and striking architecture and is located in the very centre of Wrocław, one of the largest and most business-friendly cities in Poland. Proximity to the Old Town and immediate access to public transport at John Paul II Square.
The planned investment provides for a seven-storey A-class complex offering i.a. 18,727 sqm. of office space, 1,561 sqm. of retail and service space and a three-storey underground car park with 303 parking spaces. With cyclists in mind, there will be 60 bicycle stands in a closed zone, with changing rooms and showers. Representing the symbol for ‘infinity’, the unique building will host an impressive lobby, in line with the latest architectural trends, with specially arranged foyer for guests visiting the building and a spacious terrace on the roof of the building.
Mariusz Frąckiewicz, Director Poland, Avestus Real Estate, said: “Infinity is a project that will soon be a distinctive spot on the office map of Wrocław. Excellent location in the very heart of the city, modern technological and architectural solutions and high quality of the offered space. The dynamic development of Wrocław also makes us look to the future with optimism. According to the latest report of the consulting company JLL, the total office space stock in the capital of Lower Silesia has exceeded 1 million sqm. What’s more, Wrocław is one of the most popular cities among tenants. We are certain that our knowledge and experience will result in an absolutely unique project – one that will be attractive not only for companies renting space in Infinity, but also for their employees, the final addressees of the office building. In the recent months we have relocated services, such as heating and power networks and telecommunication infrastructure, that would have interfered with the construction. At the same time, we are also carrying out archaeological research, handled by a team of experienced archaeologists, who know the specificity of the area and the history of this part of Wrocław. We are also finalising the process of selecting a general contractor for the investment and we plan to start construction works in November.”
Thanks to the application of best practices in the field of sustainable design and ecology, the office building will have a BREEAM certificate of Excellent level. The architectural design was made by AHR Architects. The project will be commercialized by JLL.
Marta Wybrańska, Leasing Director, Avestus Real Estate, said: “Infinity has received a significant level of interest in the market. The process of commercialisation has been divided into two stages: the retail and service stage and the office stage. In the case of the former, we are already finalising several lease agreements, thanks to which Infinity spaces will include a grocery store canteen, café, bank, as well as a 1,200 sqm fitness centre and a medical clinic. Thus, we are about to reach full occupancy of the entire retail and service area. In the case of the office stage, we already have potential tenants for over 50% of the office space, with whom we are currently conducting advanced negotiations. We are convinced that the commercialisation process will accelerate even more after construction works are commenced later this year.”
The Wrocław office complex is the second project to be delivered jointly by Avestus Real Estate and Tristan Capital Partners. The first was the Kraków office complex Enterprise Park, with a total area of 61,420 sqm., which was fully commissioned for use at the end of 2017 and now fully let to international corporate tenants including Cisco, Aptiv and Aon.
