• Project completion scheduled for end of May 2011
• 13,000 sq m available office space in building leased to Aviva Group
The ceremonial laying of the cornerstone for construction of the fourth building at Platinium Business Park in Warsaw was held on 2 September 2010. A large number of distinguished guests participated in the ceremony: GTC’s partners in carrying out the project, local authorities from the Mokotów district, and the Aviva Group, anchor tenant for the building now under construction.
The cornerstone dedication for Platinium Business Park IV was signed by Piotr Kroenke, General Manager of GTC S.A, Maciej Raś, Chairman of the Mokotów District Council, Włodzimierz Włodarczyk, CEO of Warbud S.A., the general contractor for the project, Mikołaj Kadłubowski, CEO of architectural studio Grupa 5 Architekci, and Robert Karczewski, Business Development Director of Hill International Sp. z o.o. The cornerstone dedication was then sealed in a capsule and, with the help of a crane, installed in the building’s foundation.
Groundwork on the construction site for the fourth building in Platinium Business Park began in May of this year. The building has already been let in its entirety (13,000 sq m) to the Aviva Group (formerly Commercial Union). It is one of the largest leases ever in the office buildings being built in the former industrial neighbourhood of Służewiec Przemysłowy.
“Mokotów and Służewiec Przemysłowy are a special place for GTC,” Piotr Kroenke, General Manager of GTC S.A., said at the ceremony. “It is here, nearly 15 years ago, that we began our presence in Poland, setting the new trends in the real estate market from the very start. Platinium Business Park is a crowning achievement of our knowhow and experience in creating state-of-the-art office space for the most demanding tenants.”
Since 2007 Platinium Business Park has been one of the most popular office locations in Warsaw. The three buildings completed so far have been almost completely let, with prominent Polish and international companies as tenants. Platinium Business Park is distinguished by its high-profile architecture, state-of-the-art technology and high standard of finishing. Working conditions for occupants of the buildings are also improved by the pleasant surroundings. A harmonious combination of water and green areas provides a calming effect and helps foster positive interpersonal relations. As a whole, the development offers a unique, inspiring and creative workspace.
The Platinium Business Park IV building will be delivered for occupancy by 30 May 2011.
GLOBE TRADE CENTRE S.A. (GTC S.A.) is one of the leading developers in the New Europe and was established in 1994 in Warsaw. Currently it operates in 10 countries: Poland, Hungary, the Czech Republic, Romania, Serbia, Croatia, Slovakia, Bulgaria, Russia and Ukraine.
GTC conducts developments in three key real estate sectors: office buildings, shopping malls, and residential.
GTC has developed about 750,000 sq m of net space and currently is the owner of completed commercial property with a combined net area of about 455,000 sq m. GTC also holds an impressive portfolio of investments at various stages of development which will facilitate the construction of 1.8 million sq m of commercial and residential space. GTC’s total assets exceed EUR 2.6 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 in the world. Among GTC’s shareholders are many of the biggest Polish and international institutional investors.