Cornerstone ceremony at University Business Park in Łódź

On the 18th of June 2008 (Wednesday) the corner stone ceremony was held for the construction of the University Business Park – an office-building complex created in Łódź by Globe Trade Centre S.A. (GTC).

The foundation act was signed by the Vice President of Łódź, Marek Michalik, the General Director of GTC, Piotr Kroenke, and representatives of firms engaged in the construction of the investment: Strabag, Tebodin SAP Projekt and NOW Architectural Office.

University Business Park is being built on a plot with an area of 12,200 sq m at 178 Wólczańska Street, near the crossroads of Kościuszki Avenue and Mickiewicza Avenue, directly adjacent to the exact city centre and the buildings of the Technical University of Łódź. The complex is intended to be composed of two seven-storey buildings, offering a total of 37 500 sq m of modern office space.

University Business Park was designed to meet the strictest requirements of its future tenants. The buildings will be equipped with air-conditioning, modern telecommunication systems, high ceilings, controlled access to office space and professional security. Among the additional conveniences for the future users, there is also an underground car park for 600 cars and a car wash.

The first of the buildings will be handed over for use in the Q4 2009, and the second – in Q1 2010.

Thanks to the construction of the University Business Park, Łódź has become the next city on GTC’s investment map. Firms, both Polish and international, observing the enormous potential of Łódź and appreciating the quality of education provided by the higher education here are interested in developing their activity in this city. I hope that GTC’s investment will prove to be an additional asset, enabling Łódź to draw still greater numbers of attractive employers,” said Piotr Kroenke, General Director of GTC, during the ceremony.

The University Business Park project was created in the Łódź studio of NOW Architectural Office. The designers were interested in extensive functionality in the interior of the complex and good access for natural light, as well as with the modern appearance of the elevations. The buildings will have floors of a uniquely large space – 2 900 sq m, which will enable the larger lessees to arrange their offices conveniently without unnecessary space division.

The main contractor for University Business Park is the international company Strabag, with whom GTC has cooperated in the building of the Topaz and Nefryt office buildings in Warsaw. Supervision of the investment is conducted by SAP Tebodin Projekt, and the agencies King Sturge and Ober Haus are responsible for the leasing of the office space.

GTC is investing a total of 70 million euros in the execution of University Business Park.

“On behalf of all citizens of Łódź I would like to thank GTC for its contribution in the development of our City. The process of creating a modern office space, awaited by many BPO investors, is necessary for this development. The University Business Park, where today we are laying a corner stone, is an evidence of the fact that modern office space is in great demand. I am convinced that inaugurating the investment will result in new work places and raise the investment attractiveness of our City.” – said Marek Michalik, Vice President of Łódź, during the ceremony.

Łódź is one of seven Polish cities with GTC activity; the others being Warsaw, Krakow, Poznań, Wrocław, Częstochowa and Katowice. Currently the company runs projects in three main segments of the real estate market: office, residential and retail-entertainment centres.

GTC’s office projects have for years changed the appearance of the cities in which they have been built. In its portfolio of completed or executed investments, GTC possesses many significant buildings including Nefryt, Platinium Business Park and Okęcie Business Park in Warsaw, the Globis building in Wrocław, the office complex in Krakow on Armia Krajowa Avenue and others. GTC was also the investor at Mokotów Business Park – the first modern office park in Warsaw.

The office buildings created by GTC also draw investors to other countries in Central and Eastern and South Eastern Europe – from Prague through Budapest and Bucharest to Belgrade and Zagreb. For its activity in the region so far, the firm has been awarded the prestigious titles of Developer of the Year Central–Eastern Europe in the years 2004 and 2007 and also Developer of the Year South Eastern Europe in 2007.

GTC has chosen the general contractor for the Francuska Office Center in Katowice

Globe Trade Centre S.A. (GTC) has chosen HOCHTIEF Polska, Kpis-Cracovia Branch as the general contractor for the Francuska Office Center, to be built at 34 Francuska Street in Katowice.

The Francuska Office Center is a complex of two six-storey office buildings (A – 11,000 m2 and B – 10,500 m2) of a combined space for lease of 21 500 m2. The Center will be developed on a plot of 7200 m2, perpendicular to Francuska Street in the very center of the city, close to the new seat of the Katowice Higher Court.

One asset of the Francuska Office Center will be the proximity of public transport, and also the very good communication with the A4 motorway and national road no. 86 connecting Warsaw and Bielsko-Biała. The International Airport at Pyrzowice is 25 minutes away by car.

HOCHTIEF Polska will co-operate with GTC for the third time in the construction of office buildings; former joint projects were GLOBIS Poznań (handed over for use in 2003) and Globis Wrocław, the construction of which is just being completed in Wrocław.

We are pleased to co-operate with HOCHTIEF Polska on the execution of this investment, which is important for us. Our performance in joint projects till now gives us the guarantee that the building of the Francuska Office Centre is in the hands of good professionals,” says Director Piotr Kroenke, General Director of Globe Trade Centre S.A.

The FRANCUSKA Office Center has been designed by the architectural studio APA Wojciechowski. The buildings are based on a rectangular plan with small breaks. The glazed facade is supplemented with light stone and the high quality of the finishing elements ensures an attractive appearance for the complex and also first-class access to natural light.

The completion of building A is planned for the Q3 2009, and in the following quarter the construction of office building B will be finalised.

Both buildings (A – 11 000 m2 and B – 10 500 m2) will be fully equipped with air conditioning, modern telecommunications systems, high ceilings and swing windows. The buildings will also have a professional security system, and the underground car park will hold approx. 400 vehicles.

A typical floor in building A will have 1,740 m2, whereas in building B – 1,600 m2. The flexible spatial arrangement of the floors will enable one or several tenants to use the area either as an open space or a traditional office arrangement.

The leasing of the office space will be the responsibility of the international real estate market consultants Cushman Wakefield and Knight Frank.

The Francuska Office Center is the second investment made currently by GTC in Katowice, alongside the Moderna Apartments residential complex. Katowice is one of seven Polish cities in which the company is active, the others being Warsaw, Krakow, Poznań, Wrocław, Łódź and Częstochowa. Observing the potential and the prospects for further development in the real estate market in Katowice, GTC is planning its further involvement in the city and is in fact working on the next project – an office building on Mikołowska Street.

Cornerstone ceremony at Galeria Jurajska

Częstochowa, 12 June 2008 – The laying of the cornerstone for Galeria Jurajska took place today in the presence of representatives of the investor – Globe Trade Centre S.A. (GTC), partners of the company and the authorities of Częstochowa and the Archdiocese of Częstochowa.

In the name of Globe Trade Centre S.A. the foundation act of Galeria Jurajska was signed by Eli Alroy – the Chairman of Supervisory Board and Piotr Kroenke – General Director, the President of the City of Częstochowa – Tadeusz Wrona, representatives of the architects, who designed the Galeria Jurajska – APA Wojciechowski, the general contractors – Strabag and SAP Tebodin-Projekt. The construction deed was consecrated by Archbishop Stanisław Nowak, Metropolitan of Częstochowa.

Galeria Jurajska is Globe Trade Centre S.A.’s largest investment, in terms of expenditure. It will be a leading retail-entertainment centre both for the city as well as for this region. We are convinced that the construction and the activity of Galeria Jurajska will be a very strong economic impulse for the development of Częstochowa. This investment not only changes the landscape and the character of this quarter, but it also creates conditions and opportunities for the development of the inhabitants of the city and its surrounding areas,” stated Eli Alroy, Chairman of the Advisory Council of Globe Trade Centre S.A.

Galeria Jurajska is the largest building investment in Częstochowa, built in a first-class location, on an excellently accentuated site between National Road No. 1 and Krakowska Street. The building is the first modern retail-entertainment center to be built in the city and in the region; it is also the only one in Poland sited directly adjacent to the Kraków No. 1 Road.

Galeria Jurajska will have a total of 130 000 m2, of which 48 000 m2 retail space will hold approx. 200 shops and service points, a multi-screen Cinema City and five-storey parking for 2000 cars.

The Galeria Jurajska was created in the renowned Polish design studio – APA Wojciechowski, in cooperation with the American architectural practiceLaguarda.Low Architects, which has many years of experience in the design of retail centres worldwide. The modern architectural form of Galeria Jurajska was composed for the setting. The area inside the Galeria will be spacious and well-lit with natural light entering through the large glazed panels in the roof and elevations. A significant part of the Galeria will be the five-storey car park, directly adjacent to the retail-entertainment space and the underground car park.

Thanks to its architectural concept, the Galeria will become a significant element in the architecture of the city. An important part of the implementation will be the road infrastructure extension around Galeria Jurajska.
Over 1500 building workers in total will participate in the construction of Galeria Jurajska and the infrastructure extension around the building. During the building period a rejuvenation of the local employment market has been observed in the building services and building products sectors.

Galeria Jurajska will be an attractive place to work for the residents of Częstochowa and surrounding areas; there will be employment for approximately 1500 people.

The general contractor of Galeria Jurajska is the renowned company Strabag. The construction is managed by Tebodin SAP -Projekt, and the agent leasing the space is Jones Lang LaSalle.

The unique location of Galeria Jurajska, both on the regional and national scales, will attract famous national and foreign brands. Currently in Poland there are few retail centres that are so attractive. Therefore we are not surprised that demand from potential tenants exceeds the total retailing space offered,” said Monika Janczewska-Leja, Director of Retail Centres in Globe Trade Centre S.A.

The opening of Galeria Jurajska is planned for Q4 2009. Galeria will be the fourth retail-entertainment center built and managed by GTC, joining: Galeria Mokotów(the first modern retail – entertainment centre in Poland), Galeria Kazimierz in Kraków and Avenue Mall (opened last year in Zagreb).