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Lift off for Equator

Equator, a 16-floor Class-A project that will offer around 17,000 sqm of leasable office space, will soon join the Taifun, Stratos, Mistral and Passat office developments. The total space of the building will be approximately 40,000 sqm. The company has recently obtained a construction permit and is currently looking for key tenants.

"We would like to start the construction as soon as possible now that we have the permit," said Andrzej Lany from Karimpol Polska marketing department. "First, however, we need to find an anchor tenant for at least 1,000 sqm."

Equator will be much bigger than its predecessors. Compared to Stratos' six floors, Mistral's and Passat's nine, Equator's 16 floors above ground level and three below do make a difference. If work begins in mid 2005, the project should be completed by the end of 2006.

Apart from office space, the building will offer other features. Level 0 will host retail and services such as a restaurant, a conference area and a bar. Level +1 will feature a terrace with a private garden and the possibility of arranging a summer area for the restaurants. Level +2 can host a delivery service or a post office. Underground, Equator will have three floors with a parking lot and warehousing space; cars will be able to stop also on the 0 and +1 levels and a total of 400 vehicles will find place in the building.

A special feature of the Class-A building is the intelligent maintenance system that includes automatic computer-controlled louvers-a feature that is common to all Karimpol buildings.

"We have experience with the construction of office buildings and commercial centers," said Lany. "They have to be intelligent. We put emphasis on good materials that allow you to save energy and therefore reduce the maintenance costs."

The investor is still hesitant to reveal the final cost of the project as the tender for the general contractor has not yet been announced. The previous Karimpol projects have been completed by Warbud, excluding Stratos, which was constructed by an Austrian company, Universale International.

The Karimpol Group is also present in other European countries, such as the Czech Republic, the Netherlands, Austria, and most recently the Slovak Republic. The Polish division currently concentrates on the Warsaw Business Technology Park (Mistral and Passat) and Equator, but there may be more investments coming in the future.

"We have three more plots neighboring the Equator site, but we are not doing anything with them, as there is enough work with the projects we have," said Andrzej Lany. "In the future the office market may become saturated, so maybe we will have to think of something else."

Karimpol's other office development, the Mistral building, is now 50 percent leased with Compensa, Luxmed, Energizer and Selcos Distribution as its key tenants.
K.R.

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