On 31 March 2011 Globe Trade Centre S.A. (“GTC”) obtained a valid building permit for the 5th building at Platinium Business Park in Warsaw. GTC plans to complete construction of Platinium Business Park V in the second quarter of 2012. The new development is already over 50% let.

Platinium Business Park is a Class A office complex at the intersection of Domaniewska and Wołoska streets in Warsaw. GTC is currently constructing the fourth building at the complex.

Construction of the 11-storey Platinium Business Park V, with a lease area of 11,000 sq m will begin in April of this year. The area of a typical floor is 1,024 sq m, and each floor can be efficiently arranged into separate offices or open space.

“For several years Platinium Business Park has gained recognition from tenants and industry experts,” said GTC General Manager Piotr Kroenke. “The three existing buildings, as well as the fourth one under construction, have all been let nearly 100%, which for us is the best proof of its success. I am pleased that our projects continue to attract prominent Polish and international companies. Successful leasing of the fifth building gives us confidence to start, after obtaining building permit, construction of the sixth and last building of the complex.”

Among the tenants for Platinium Business Park V who have already signed agreements with GTC is K2 Internet, one of the leading e-marketing agencies in Poland, providing interactive and new media marketing. K2 Internet’s offices at Platinium Business Park will take up over 2,000 sq m of rental space.

„As a result of the planned expansion, associated with acquiring new clients and recruiting more specialists, we decided to enlarge the work space, in order to ensure its best comfort. Prestigious location and high quality space in the Platinium Business Park in the Mokotow Business Area, seems to be the perfect place for K2 Internet” – said Janusz Żebrowski, CEO of K2 Internet SA.

In addition to K2 Internet, Starcom will be another main tenant in Platinium Business Park V, leasing approx 2,600 sq m.

With other tenants like Saatchi & Saatchi, Communication Unlimited, Artegence, Leo Burnett, Starlink and Zenith Optimedia, Platinium Business Park has become the prestigious destination for media and advertising companies.

Platinium Business Park V will be constructed from materials that increase energy efficiency and enable maximum efficiency of heating and air conditioning systems. The building will be equipped with tilt windows, suspended floors and ceilings, an integrated lighting system, air conditioning with individual temperature controls,  full cabling and a state-of-the-art building management system. Tenants will also have 180 parking spaces at their disposal.

The design for Platinium Business Park V, prepared by the Grupa 5 Architekci studio, was developed to achieve efficient use of office space, providing tenants with noticeable savings on utilities cost, combined with pleasant and friendly working environment.

GTC targets to obtain LEED Gold certification for Platinium Business Park V in the new-build category. LEED certification is awarded only to projects meeting the highest standards set by the US Green Building Council.

The general contractor for the development will be Warbud.

Financing for the investment is being provided by Berlin LandesBank.

In addition to development of Platinium Business Park, in Warsaw GTC is currently also constructing the third building in the Okęcie Business Park complex at ul. 17 Stycznia. The Corius building, with a lease space of over 9,100 sq m, will be delivered for occupancy by the end of 2011.

GLOBE TRADE CENTRE S.A. (GTC) is one of the leading developers in the New Europe. GTC was established in 1994 in Warsaw and currently operates in Poland, Hungary, the Czech Republic, Romania, Serbia, Croatia, Slovakia, Bulgaria, Russia and Ukraine.

GTC develops projects and manages completed properties in three key sectors of real estate: office buildings and parks, retail and entertainment centres, and residential.

GTC has developed approximately 800,000 sq m of net space and currently is the owner of completed commercial property with a combined net area of about 532,000 sq m. GTC also holds an impressive portfolio of new investments at various stages of development which will facilitate the construction of 1.7 million sq m of commercial and residential space. GTC’s total assets exceed EUR 2.7 billion.

GTC’s shares are listed on the Warsaw Stock Exchange on the prestigious WIG20 index. The company’s shares are also included in the international MSCI index and Dow Jones STOXX Eastern Europe 300 index, as well as the GPR250 index, which comprises the 250 biggest and most liquid real estate companies of the world. GTC shares have recently been listed as well in the CECE index at the Vienna Stock Exchange. Among GTC’s shareholders are many of the biggest Polish and international institutional investors.

 

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Małgorzata Czaplicka
Globe Trade Centre S.A.
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