Opening of Enterprise Park in Krakow (PL)

The first phase of the greenest office park in Krakow has been completed and is now open. The official inauguration of the Enterprise Park complex has taken place on October 17, 2012. The developer of the building, Avestus Real Estate, plans to start construction of the second phase of the project in early 2013.


The first two buildings provide over 15,300 m² of modern class-A office space.

The first two buildings, known as Phase 1 of the project, provide over 15,300 m² of modern class-A office space. 87% of the office space had been leased prior to construction completion. These buildings will be occupied by Delphi Poland and Cisco Systems.

The project developer, Avestus Real Estate, has already developed over 250,000 m² of prestigious projects in Europe. Their Polish projects include Warsaw Financial Center, International Business Center and Building F at Wisniowy Business Park in Warsaw. Enterprise Park marks the company's market debut in Krakow.

"Avestus Real Estate continues to confirm its position as the leading developer of high quality office space in CEE. Enterprise Park, the latest office project, has again proven to be a huge success. We are very proud to announce that the first phase of this project is 87% leased prior to completion and opening. Avestus Real Estate has continued to partner with such high quality global tenants like Delphi and Cisco.

"This has been our strength in CEE over many years and again we have been able to achieve this even in these challenging times. This is testament to our project and the team involved.' - says Roger Dunlop, CEO of Avestus Real Estate.

The Enterprise Park complex will ultimately consist of three four-story class-A office buildings with a total of approximately 28,000 m² of high-standard modern office space. The space in the buildings is designed to provide the maximum flexibility for the office users providing both cellular representative offices as well as a compact open plan office environment. The floor plates are large and efficient, ranging from 1,706 to 2,310 m², with excellent natural light. Currently the Krakow market as focused mostly on out sourcing operations. The design allows the space to be occupied to a high density.

"This is Avestus Real Estate's first project in Krakow. Krakow is a dynamic office market which is highly favored in particular by experienced international corporations looking to utilize the superior highly educated employment workforce. These corporates are undertaking R&D and outsourcing operations to service their global businesses.

"Enterprise Park has been designed to support these occupiers and the fact that we have attracted experienced partners such as Delphi and Cisco shows that we have again designed and developed a project that meets these requirements.," says Guy Speir, Leasing & Marketing Director CEE, Avestus Real Estate, and adds: "The level of demand, even in these uncertain global economic times continues to go from strength to strength. Therefore we are delighted by the success of Phase 1 and very positive about the leasing on Phase 2. We can confirm on going detailed discussions

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