GTC`s office investments in Cracow attract international tenants

Next 10 000 sqm. completed in the office complex situated in Armii Krajowej Avenue.100% of office space in Edison building rented – IBM and Ahold’s accountancy center are to open their offices.The total cost of all GTC’s investments in Cracow is estimated at EUR 200m

Globe Trade Centre S.A. – the company listed on the Warsaw Stock Exchange won other prestigious tenants for its office investment in Cracow – Edison building. Thanks to the new object completed in December 2007, the number of modern office space realized by GTC in Cracow increased by another 10 000 sqm.

IBM – the international IT concern will occupy 3 000 sqm in Edison building. The company also rents office space in adjoining objects of the complex – Galileo and Newton. In total it is 14 500 sqm of office space where about 1 600 people work.

The leasing agreement sign by GTC with Accounting Plaza (Ahold’s accountancy center) concerns another 3 000 sqm of office space. The company will create about 350 places of work in Edison building.

Other tenants of Edison are, among others: Citibank and Ergomed. The building has already been rented in its entirety.
Edison is the third building, after Galileo and Newton, consructucted within GTC’s office complex at Armii Krajowej Avenue and Przybyszewskiego street intersection in Cracow.

Cracow is one of the key cites on the map of GTC’s activity in Poland. In the office sector the company is to develop the fourth building in Armii Krajowej Avenue –Pascal. The company has also started the construction of Kazimierz Business Center (more than 15 000 sqm NRA, construction scheduled for completion in Q2 2009) in close vicinity of Galeria Kazimierz also created by GTC and completed in 2005.

GTC’s investments (completed, under realization and planned) concerning the construction of business centers, retail center and apartments in Cracow will cost in total more than EUR 200m.

GTC has a huge experience in creating a high-class, effective office spaces for international corporations. Long-term relations with exacting tenants helped GTC to know better their needs and fit the investments to the best international standards. In Poland GTC invests in the construction of office building in Warsaw, Cracow, Wroclaw, Katowice and Lodz. Out of Poland GTC’s office investments are realized in Prague, Budapest, Bucharest, Belgrade, Zagreb and Sofia.

The biggest tenants cooperating with GTC in the region are: IBM, Exxon Mobil, Raiffeisen Bank, Hewlett Packard i Grupa Allianz.