GTC begins construction of GLOBIS Wrocław (PL)

Globis Wroclaw, a wholly-owned subsidiary of Globe Trade Centre S.A. (GTC), is beginning construction in Wroclaw of the class A office building GLOBIS. It is GTC's first investment in the city, offering approximately 14,500 m² of high-standard office space with retail/service backup.

GLOBIS Wroclaw is located in the city center, on ul. Powstañców Œl¹skich, directly adjacent to the newly constructed Arkady Wroc³awskie shopping mall and numerous commercial and residential investments going up in the vicinity. The new office building will have 12 floors – 11 with 1,200 m² office space and 850 m² ground floor with services for tenants of the building. The office space is planned either for a single-tenant or multi-tenant use. The design and the shape of the building will allow for efficient layout of the office space and plenty of access to natural light, creating comfortable working conditions.

"Wroclaw is a city with great potential," says Piotr Kroenke, General Manager of GTC. "More and more prominent companies are opening offices and factories here. Thanks to the commitment and support of the local authorities, new investments are expanding at a fast pace. We are confident that GLOBIS will attract the interest of the growing group of Polish and international companies seeking comfortable office space in a prestigious location for their business. With its attractive location and the high technical standard of the building, GLOBIS is sure to meet the needs of the most demanding tenants."

The architectural design for GLOBIS Wroclaw was developed by Studio EL, the Wroc³aw architectural firm led by Edward Lach. He designed a compact, elongated building with contemporary architecture, extending along ul. Powstañców Œl¹skich. The crowning feature of the building is the glass corner element where the main entrance is planned. There will be underground parking for 200 cars.

Construction works have already begun, and completion is scheduled for the first half of 2008. The cost of the investment will be over EUR 20 million.

The general contractor is the renowned international construction firm HOCHTIEF, which previously carried out the construction of GTC's Globis office building in Poznañ.

Project management has been entrusted to the Polish office of GLEEDS, a firm specializing in construction and real estate consulting. Gleeds has offices all over the world. Its Polish office has been in business since 2000 and is working with GTC in development of the NEWTON office building in Cracow.

The agencies IK Development and Knight Frank are handling letting of space in GLOBIS Wroclaw. IK Development is a local Wroc³aw real estate office specializing in letting of commercial real estate. Knight Frank is part of the international real estate consulting firm.

Wroclaw is one of seven cities where Globe Trade Centre does business in Poland, alongside Warsaw, Cracow, Poznañ, Katowice, £ódŸ and Czêstochowa. In October of this year, a GTC subsidiary acquired 1.3 hectares of land in Wroclaw on ul. Karkonoska, between the city center and the Special Economic Zone in Kobierzyce. GTC plans to build an office complex of 30,000 m² on the site.

Source: GTC

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