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The Warsaw Voice » Real Estate » February 6, 2008
The Real Estate Voice
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February 6, 2008   
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Cracow's Rondo Business Park Sold

The Rondo Business Park office complex in Cracow has been sold by the Buma Group to Credit Suisse Asset Management, based in Frankfurt.

The Rondo Business Park is a modern, A-class office complex with a total rentable area of 17,500 sq meters and 500 parking spaces. The complex consists of three buildings: a 14-story tower, a 3-story wing, and a 5-story building linked with the tower.

The buildings have a glass, stone and aluminum facade. With a location ensuring easy access to the city center, the Rondo Business Park has attracted international tenants such as Capgemini, Statoil and ArcelorMittal.

The Rondo Business Park is the second major office development in Cracow to be developed and sold by the Buma Group, following the sale of the 28,000 sq meter Buma Square Business Park office complex just over a year ago.

The Buma Group is composed of several companies which cooperate in the development, investment, design and installation of modern building systems, the manufacture and assembly of properties, and property management.

New Tenants at OrcoTower

King Sturge has signed lease contracts for over 1,000 sq m of office space in the Orco Tower in Warsaw since October.

March will see new tenants moving in - Tata Consultancy Services, one of the biggest Indian outsourcing companies (313.51 sq m); Fidelity National Information Services, a financial data processing company (363.7 sq m); and construction company Mota-Engil Polska SA (191.9 sq m). In February, Group Auto Union Polska will lease 153.51 sq m.
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