Building diversity
Lubasa describes the project as two connected office buildings of six-and 10-storeys, respectively. The buildings are designed to function independently or as a whole, depending on the needs of future tenants.
Total leasable office space amounts to 15,000 sqm, and there is retail space available on the ground floor. The development will be located within walking distance from Warsaw's Dworzec Gdański subway and rail station, close to tram and bus stops. A number of hotels and restaurants, as well as the Arkadia shopping center, are in the proximity.
Lubasa is developing several residential projects in Poland, but this is its first office development here. "The company's goal is to diversify its portfolio," said Agnieszka Oskędra, marketing and sales manager at Lubasa Projekt, the special-purpose vehicle developing GBC. The company still plans to add a residential development to the plot in the near future, however.
"Our company is planning to announce a tender for a general contractor for the GBC investment in the next few weeks, construction of which is to commence in March 2009," Oskędra said.
GdańskiBusinessCenter is located at ul. Inflancka 3 and is scheduled for completion in H2 2010. It was designed by renowned architects APA Kuryłowicz & Associates.
Lubasa has over 50 years of experience in the real estate business, with investments in Spain, Morocco and Poland, the latter of which is its main destination for expansion. The firm established its operations in Poland in 2006 and, aside from GdańskiBusinessCenter, it is currently developing the Mariposa housing estate in Warsaw's Bielany district.
