Kraków Business Park may go on sale

Kraków Business Park (KBP), a bankrupt company operating one of the largest office complexes in Poland, may soon go on sale, reports Puls Biznesu. The asking price may be as high as PLN 360 million, covering the value of the company’s shares and its debt. “The court must approve the valuation and then decide whether the complex will be sold as a whole, in a part necessary to pay off creditors or whether to change liquidation into restructuring proceeding,” said Marcin Żurakowski, bankruptcy administrator for KBP. According to information obtained by the daily, several companies are interested in buying the complex. First Property Group offered €24 million for it.  BNP Paribas Real Estate, which is advising on the sale, has also informed the administrator of other interested foreign bidders.