Noble nabs Nefryt

A year before the official opening of 15,200-sqm Nefryt office building, its developer, Globe Trade Centre (GTC) has leased 5,300 sqm of its space to Noble Bank. Nefryt, a seven-storey office building at the intersection of ul. Domaniewska and ul. Rodziny Hiszpańskich, is the second Noble Bank office on GTC property. The first is in GTC's Topaz building, located on ul. Domaniewska.

Katarzyna Pankiewicz, office-space manager at GTC, stresses that the experience of Noble Bank in its previous cooperation with GTC was pivotal in the deal.

"The agreement signed now is the best proof that Nefryt meets the utmost requirements of the tenant," she said in a statement.

As Agnieszka Majewska, a senior property negotiator from CB Richard Ellis opines, "the agreement is important for the perception of the investment as reliable. It was signed a year before the building's opening, it concerns a large area of office space and involves a prestigious tenant."

Nefryt is one of the three investments by GTC currently in progress in Warsaw. Apart from Nefryt, the company plans to develop some 111,000 sqm of office space in its 51,000-sqm Okęcie Business Park and the 45,000-sqm Platinium Business Park. The first 8,900-sqm building of Okęcie Business Park is due to open in Q1 2008, and the first 9,000 sqm project in Platinum Business Park is to be opened by the end of 2007. At the moment, the company is negotiating leasing contracts, though none have yet been signed.

By April 2008, GTC will have delivered 33,000 sqm of office space in Warsaw, investing about E70 (zł.264) million. So far the firm has invested $300 (zł.832) million, having developed a total of 129,160 sqm of office space.