Avestus has begun construction on Enterprise Park, its office park scheme in Krakow. In all, three buildings are to be built, with the first phase planned to offer 15,000 sqm of space by September 2012. Construction financing is being provided by Raiffeisen Bank Polska, and the construction is being handled by Eiffage Budownictwo Mitex.
“There is no new speculative office development in the central districts of Krakow today and we expect to meet future demand in a low vacancy market in 2012. Now, the demand in Krakow is very strong,” says Guy Speir, Leasing and Marketing Director for Avestus Real Estate.