BNP Paribas Real Estate Poland represented First Property in the successful acquisition of Krakow Business Park (KBP).
We fully expect to make Eximius Park the best business park in and around Krakow. The buildings on the park provide excellent office space but we shall be expanding its facilities to make it a home away from home for its tenants. Our plans include a new sports ground, park area, additional car parking, a free bus service for all tenants, a refurbished railway station with an improved frequent service to central Krakow (some 15 minutes away), new retail facilities, top of the range restaurants, a kindergarten and much much more. And en route we expect to earn good returns for our shareholders and our investors in the Park.
Ben Habib, Chief Executive of First Property Group
Krakow being one of the strongest Polish regional office markets continues its further dynamic growth with its prime yield dropping to the level of 6% this year and the vacancy rate reaching the level of 9.1% with the take-up exceeding 41,500 sqm in Q1 2019. Based on the latest Tholons Services Globalization City Index 2017 Ranking, Kraków is the second-best location in Europe and the eighth one globally for BPO and SSC centres
Piotr Goździewicz, Director, Capital Markets, BNP Paribas Real Estate Poland
Head of Marketing & PR CEE at BNP Paribas Real Estate Poland