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Time for Capital Investment Projects
Dziennik Polski, 03.09.2003


Wersja oryginalna

A characteristic phenomenon, related to the growth of large cities, is the increase, especially in the central city districts, of strictly commercial, and most often office space. In the United States, it impacts the nature of large metropolises, whose downtown districts are formed of groups of office building, and which become completely empty during weekends.

In Europe, just like in Poland, the issue of commercialisation of space that not so long ago was used exclusively for housing purposes, is becoming more and more common. A good example is that of Frankfurt am Main that is transforming into the financial capital of the European Union. Today, the centre of Frankfurt resembles more and more the central districts of American metropolises.

In Poland, large office buildings so far have started to dominate over the downtown housing development of Warsaw only. However, no illusions are possible: in a couple of years, the area of the Culture and Science Palace in Warsaw will resemble, to a higher degree, rather Manhattan than cosy Vaclavske Namesti in Prague. Kraków, due to its specific, historic character, is not probably, endangered by such changes. But also in Kraków the function of its centre will change and will have to adjust to the ongoing transformations, resulting also from Kraków’s metropolitan functions.

The turning point is the construction of the so-called New City. Experts from the Kraków real estate market project that the first large office spaces should appear in the area of the KCK Kraków Traffic Centre in 2006. According to Mr. Rafał Oprocha from CB Richard Ellis, an international company handling real estate markets, Kraków is viewed as an attractive investment place. This results from the fact that there are well-educated specialists there, and land prices are not as high yet as, e.g., in Warsaw.

Open to the World
The specific nature of the city whose very centre is under complete protection causes that large, commercial projects are located in a certain distance from the Old Town. Symptoms of changes that take place in the city are the first, multi-storey buildings, erected in attractive regions of Kraków. One of the largest is the new facility in Bratysławska Street, 17-storey high, developed by Contract Project, a double-winner of the Project of the year award. "This building combines several functions," says Mr. Piotr Murczyński, the Company’s executive. "We are aware of the fact that the residents of such large building have specific, daily needs that they would like to satisfy in the place they live in. Thus, when designing the usability programme of the commercial part and seeking buyers of tenants of usable outlets, we try to ensure that the services they offer are of maximum usability. The second floor in our building in Bratysławska Street will be occupied by a specialised medical clinic. There will also be shops in the building. The largest hall, with the surface area of 1,100 sq.m., will be designated for commercial purposes, to become the equivalent of the former "Gigant" supermarket.

Bottom floors of the building are usable. Office space can be freely configured, thus making large surface areas up to 600 sq.m. "The building is furnished with the most modern telecommunications links. One of the largest underground parking lots in the city, a double-level one, for 250 vehicles, is a very strong trump of the facility. The unique nature of the project is that, in accordance with current real-estate trends, it is possible to live in the building, to operate a business there and easily communicate with the world."

Despite the project size (there are over 300 flats in the building, but the architectural solutions applied make the interior of particular staircases look cosy and friendly), it is being completed with a good result. "We did not make a mistake while reviewing the market, though the building was constructed under the more difficult economic situation. The building sells very well, and only a few free premises and dwellings are available now," says Mr. Krzysztof Jacek from Contract Project.

"Galileo" from the Silica Valley
The office building "Galileo," constructed in Kraków by GTC (with WARBUD S.A. as their General Contractor) is the forerunner of transformations. The building, designed by DDJM Architectural Office and managed by Sodexho, has the surface area of more than 10,000 sq.m. "High-tech and finance companies display high interest in the facility," says Mr. Rafał Oprocha from CB Richard Ellis Polska. "In fact, a sort of the "Silica Valley" is being established in the area, as we have in the neighbourhood such companies as, e.g. Solidex or ComArch. The Deltavista Holding Group is one of our tenants."

Open-space office premises can be shaped freely. Each floor of the building is provided with sanitary units, as well as four-pipe air-conditioning system to additionally heat or cool premises. "Several Internet providers, that are able to satisfy any demands as far as data transfer speed is concerned, operate our building," stresses Mr. Wojciech Siwek, the technical manager. Structural ceilings, with their load-bearing capacity of more than 500 kg/m2 provide for the possibility of installing big, digital equipment. Also highly significant is the fact that the distance between the floor and the suspended ceiling is as much as 3 m. In spite of the air-conditioning system, it is possible to open windows on each level.

The "Galileo" has high-speed, new-generation lifts, a lunch-bar, as well as an underground parking yard for 98 cars (150 parking places are available on the outside). The building constitutes the first of the four stages of the large office complex. GTC, which has constructed the Mokotów Business Park in Warsaw (110,000 sq.m.) and the Mokotów Shopping Mall, is going to construct the Kazimierz Shopping Mall in Kraków, too.

An Offer of Public-Private Partnership
In the same distance from the centre of Kraków, in 6, Wadowicka Street, the large complex of Buma Square is being erected. Presently, this is the largest office facility in the city, with the leased surface area of approximately 35,000 sq.m." says Mr. Piotr Michalski, the project executive.

"We want our office complex to be maximally friendly to all those that are going to work in it. That is why Buma Square will offer such services (IT, accounting services, legal advising, beauty parlours, catering) that allow, without leaving the Buma Square area, to settle many daily problems. Already today, there is a bank, a post-office, a newsstand, a lunch bar, while a large restaurant, a cafe and a pub will be established in future.

The development plans of Buma Square (the project is about to be completed by the end of the next year) include, among other things, a fitness club with swimming pool, jacuzzi, dry and steam saunas. The facility in 6 Wadowicka Street will also house a large congress centre, with an audience hall for 600 persons. "This is not a purely commercial project," declare the Buma’s representatives. "It is impossible to operate such facilities based on rents only. That is why we would like to have it arranged under the public and private partnership scheme, with the participation of the Commune of Kraków. There is a shortage of large facilities in the city, which might be a venue of conferences, congresses, and which would attract new visitors to our city. We hope it will also be possible to obtain some resources from European funds."

What should a modern office building be like? – "First of all, it should be comfortable, or such where you could leave your car, without any fear, and be totally safe for users," emphasises Mr. Piotr Michalski. Buma Square has more than 550 parking and monitored places.

All contemporary commercial facilities are constructed in the vicinity of large traffic interchanges and transition routes. Office space rents vary and amount to EUR 8-20 per sq.m., depending on the size of premises and contract validity terms. All projects we have described so far are undoubtedly symbols of recent changes on the domestic real estate market that is approaching more and more closely the Western standards.

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