Globe Trade Centre S.A. is launching the construction of the Newton office building in Krakow. This will be the second edifice in the GTC Office Centre compound following Galileo. The building process will be completed in early 2007 but the first tenants have rented the office area yet before the start of the construction works.

The Newton office building is second of the four buildings to make up the GTC Office Centre compound in Krakow, situated at the junction of the Armii Krajowej and Przybyszewskiego streets. Newton is a class A building featuring unique technological solutions. Its office area will equal that of its twin ten-storey Galileo edifice, which has 10,000 square meters.

The completion of the construction works is due in the first quarter 2007. It has already been agreed that part of Newton’s office area will be occupied by Hewitt Associates, whose offices are also housed in the Galileo edifice. Also, a world famous corporation has declared its intention to take on a substantial office area in Newton.

Newton, as its twin Galileo, has been designed by Mr. Marek Dunikowski of Krakow’s DDJM. Warbud S.A. will be General Constructor whereas Gleeds’ role will be that of Project Manager.

CB Richard Ellis and Knight Frank are in charge of renting out the office area in the Newton building.

GTC Office Center’s first edifice, Galileo, was made available to use in 2003. Its highly functional office area, attractive location and modern architecture have led to Galileo’s 100% renting. Among the tenants there are such well-known companies as IBM Business Consulting Services, Raiffeisen Bank Polska S.A., KPMG, Grupa Lotos and Cetelem.

Galileo’s success and the huge interest in the Newton building confirm it that both the location and the offices’ technological standard meet the requirements of the most demanding tenants. We believe that Newton’s office area will be rented out entirely before the works completion” – says Mr. Mariusz Kozlowski, Development and Investor Relations Director at GTC S.A.