Skanska Property Poland: Construction of the first part of the Atrium City complex just started

1-05-2007

Skanska Property Poland Sp. z o.o. started the construction of the first part of the Atrium City complex. Skanska S.A. is the general contractor for this investment project.
 
Atrium City will be built in Al. Jana Pawla II street in Warsaw, next to the Westin hotel. The office building, designed by the Kazimierski and Ryba architectural office, will consist of a high part with 16 storeys and a low part with 10 storeys. It will also contain nearly 7 000 square metres of garage space with more than 200 parking places and 18 500 square metres of office space. The total area will exceed 30 000 square metres.

Delivery of the building is planned for the first quarter of 2009.

Further plans of Skanska Property Poland Sp. z o.o. include the construction of two more stages of the Atrium City complex on the company’s sites in the vicinity of the Rondo ONZ roundabout.

From the beginning of 1990’s, Skanska Property Poland has been in operation as a member of Skanska AB group for commercial project development.

The most famous Skanska constructions in Warsaw are the ones located along one of the most attractive business streets – Jana PawĹ‚a II Avenue.
Atrium International Business Center, Atrium Tower, Atrium Centrum, Atrium Plaza and Hotel Atrium, undoubtedly are significant elements of the city expansion and of its modern commercial center.

Atrium City is another developer’s project under construction. Developer has already started construction works of Marynarska Point complex, conveniently located at Mokotów district in Warsaw. The project, comprising of two independent buildings, will offer a net rentable area of 26 000 sqm. First building is due to be ready for occupancy in the first quarter of 2008. Approx. 50% of the building – 6300 sqm, has been pre-leased to Generali, in a transaction representing one of the largest deals of 2006.

Since last year SPP has extended its portfolio by including WrocĹ‚aw and Katowice. In WrocĹ‚aw, the company develops Grunwaldzki Center, 3 – buildings office complex of 26 000 sqm, which is scheduled for completion in Q2 2008 (first phase) and Q3 2008 (second phase).
Recently, SPP has bought a plot intended for an office project just outside the city center of Katowice, along Chorzowska street. The future project could be in the size of more than 30 000 sqm of leasable office area in several phases.

SPP intends to go ahead with further investments in Polish main cities.


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