A joint venture formed by Apollo-Rida Poland has completed the acquisition of the buildings A, B, and C of the Equal Business Park complex in Kraków developed by Cavatina Holding. According to JLL Poland, this transaction is already in the top 10 of the biggest office investment deals ever concluded on the regional markets in Poland.
"We are very pleased to add Equal Business Park to our investment portfolio. Equal Business Park is one of the most attractive office complexes in Kraków, perfectly located and offering a great standard of office space and quality of common areas as well as a comprehensive array of amenities for its occupiers. Our ability to implement this transaction despite the current challenges underpins our group’s commitment to Poland and the excellent opportunity created by the Equal Business Park," said Rafał Nowicki, President of the Board, Apollo-Rida Poland.
Equal Business Park consists of four Class-A office buildings (building D is under construction and is scheduled to be transferred to Apollo RIda in 2021 upon completion) located in Podgórze district at Wielicka Street, which ensures great transportation accessibility. This modern office complex is equipped with advanced technology solutions, which fulfils criteria of BREEAM environmental certification, and provides its tenants with numerous amenities such as canteen, bookshop, kindergarten, beauty salon, cafe, grocery and landscaped areas enriched with small architecture and art. In total, it will deliver more than 60,000m² of office and retail space. Current tenants’ portfolio of Equal Business Park includes Integer (InPost), QVC, Kimberly Clark, Aptiv, Equiniti, Kingfisher, Delphi Technologies, Regus and Krakowskie Zakłady Automatyki among others.
"The process of implementing the company's investment plans is highly dynamic. The huge interest in the Equal Business Park complex as well as in the space of building D, which is under construction, is a reason for us to be proud. Equal Business Park is our flagship project in Kraków, which has been well received by the local community, tenants, and investors," said Daniel Draga, Member of the Board at Cavatina Holding.
