|Record lease transaction for GTC|
• GTC has finalised a record office lease agreement in Poland
• GTC rented the entire fourth building at Platinium Business Park
• Aviva Group will lease the building from 2Q 201
Globe Trade Centre S.A. (GTC) and the Aviva Group have signed a lease contract for the entire building at Platinium Business Park IV in Warsaw. It is one of the largest office leases ever in the former industrial district of Służewiec Przemysłowy.
Construction of the fourth building in the Platinium Business Park complex, located at the intersection of Domaniewska and Wołoska streets in Warsaw, began in May of this year. The Aviva Group (formerly Commercial Union) will occupy the entire available office space in the facility of about 13,000 sq m. During the process of lease terms negotiations, Aviva Group have been represented by the global real estate advisory firm Cushman & Wakefield.
“We are very pleased that we managed to sign the lease contract with such renowned tenant soon after starting the construction of the building” said Piotr Kroenke, General Manager of GTC S.A. “We appreciate the trust and professionalism presented by our partners during the negotiations. We believe that the choice made by the Aviva Group is an optimal solution for their office needs. This choice also proves that Platinium Business Park is a top quality office complex and the best example of sustainable development, meeting the requirements of even the most demanding tenants.”
The general contractor for the development, Warbud, is currently doing groundwork on the building site. Platinium Business Park IV is scheduled for delivery by 30 May 2011.
“We appreciate the co-operation with GTC and the lease contract securing modern and efficient office space for our company”, said Maciej Jankowski, Aviva group chief executive in Poland
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. It is also prized for features that are not strictly business-related. The pleasant surroundings of the buildings—a harmonious combination of water and green areas—provide a calming effect and help foster positive interpersonal relations. As a whole, the development offers a unique, inspiring and creative workspace.
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 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 centers and residential sector.
GTC has developed about 750 000 sqm of net space and currently is the owner of completed commercial property with a combined net area of about 455 000 sqm. GTC also holds an impressive portfolio of investment at various stages of development which will facilitate the construction of 1.8 million sqm 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 assets 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. Among GTC’s shareholders are many of the biggest Polish and international institutional investors.