Cavatina starts construction on Gdańsk and Kraków office buildings
Cavatina Holding has started construction of new buildings in the Palio Office Park investments in Gdańsk and Ocean Office Park in Kraków. The total area of both commenced stages is 34,200 sqm, the developer said.
"We focus on large, multi-stage projects located in the largest and most promising Polish regional cities. Our office buildings enjoy the recognition and interest of tenants, which results in high rates of commercialization of the stages under construction. Therefore, we are starting construction of the next stages as planned. Due to the pandemic, many developers have postponed the start of new investments and currently there is the least space under construction in several years, and at the same time we are observing the development of business or IT service centers in regional cities. Our investments will be ready at the right time to fill a very likely supply gap, so we intend to take this opportunity for further development of Cavatina Holding "- said Vice President Daniel Draga.
Palio Office Park is Cavatina Holding's first investment in the Tri-City, located in the Gdańsk Shipyard. Eight office buildings will be built in the office and service complex, with a total of almost 90,000 sqm of office and recreational space. Building B, the construction of which has just started, will have 7,700 sqm This is the second stage of this investment. Completion of construction and commissioning of the investment is scheduled for the fourth quarter of this year. Putting into use building A with an area of 26,500 sqm is planned for February 2021.
Ocean Office Park is a Krakow investment by Cavatina Holding implemented in Zabłocie, at the junction of Klimeckiego and Nowohucka streets. Ultimately, over 52,000 sqm will be built in four stages. Commissioning of the first stage of the investment with an area of 13,000 sqm will take place in Q2 this year. The second building will be the largest office building in the entire complex, offering a total of over 26,500 sqm of lease area. Completion of construction and commissioning of the investment is planned for the end of next year, it was also announced.
Source: ISBnews and Cavatina