A thinking man's project
"Obtaining [bank] financing in the current situation in the bank loan market confirms the stable financial situation of GTC and testifies to the high quality of our investments," said Erez Boniel, financial director and member of GTC's management board.
Designed by the Kraków-based DDJM architectural studio to occupy an over 2,800-sqm plot located at the intersection of Kraków's ul. Przybyszewskiego and ul. Lea, the Pascal project will be the last and smallest part of a complex that already includes the Galileo, Newton and Edison buildings. The development will comprise nearly 5,300 sqm of class-A office space as well as approximately 50 parking spaces. It will also feature a different style of architecture than the three previously developed phases.
Completion of the Pascal building is scheduled for Q4 2009. Warbud is the general contractor of the project.
Founded in 1994 inWarsaw, the WSE-listed Globe Trade Centre is one of the leading developers in Central and Eastern Europe. The company is present in the office, residential, retail and leisure segments of the real estate market and has so far developed properties whose total net space amounts to around 600,000 sqm.
Including the newly launched Pascal project in Kraków, the total value of GTC's realized and currently under-construction real estate investments in the city exceeds EUR 200 (zł.712) million.
