TriGranit sells Bonarka City Center

22
Sep
2016
News - TriGranit sells Bonarka City Center #investment #Krakow #Poland #retail #Rockcastle #TriGranit

by Ákos Budai | Investment

TriGranit has completed the sale of Bonarka City Center (BCC) in Krakow to Rockcastle, a property company specializing in retail centres in Central and Eastern Europe. TriGranit, which is owned by TPG Real Estate and was the developer of the shopping centre, will remain the property manager for two years. In addition to managing BCC, TriGranit will remain active in Krakow and is currently developing three office buildings in the ‘Bonarka for Business’ (B4B) area.


The developer purchased and re-cultivated a 19 ha abandoned area in the Podgorze district in Krakow, on which BCC, which has a total area of 92,300 sqm, was opened in 2009. TriGranit developed, owned and managed the Bonarka City Center, which has become one of the company’s flagship projects. The centre has steadily increased footfall numbers and is one of the most visited destinations by Krakow residents. 

TriGranit is proceeding with the development of the next phase of buildings in the B4B Class-A office complex in Krakow. Building F, the sixth building in the office complex in Krakow was launched this September. The eight-storey building has 10 000 sqm of gross leasable area, of which half has been leased before the official opening. Building F will host GlobalLogic and Luxoft, global providers of IT services. Building G will be ready at the beginning of 2017, and is already 100% leased. Due to increasing demand for new office spaces from the active BPO sector, TriGranit plans to deliver a further three office buildings in the coming years. At completion, the B4B project will consist of 10 buildings with a total area of 95.000 sqm.



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New leases

  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.
  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.


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