Property Forum Katowice: office market

On 19th of November 2012, the Property Forum Katowice took place in the Angelo Hotel. During five sessions, the meeting’s attendees have discussed present situation and growth forecasts on the commercial property market of the Upper Silesia region.

Directions, tenants activity, demand on the office market in the agglomeration and the City as a destination for the modern B2B services industry were one of the topics that have gathered representatives of investors, lessees, developers, research and advisory companies.

Among the speakers were: Mirosław Czarnik – President, Upper Silesian Industrial Park; Michał Goli – President, GC Investment; Marcin Nowak – Managing Director, Operation Center, Capgemini Polska; Grzegorz Pytlarz – Regional Director, Property Management, Knight Frank; Paweł Tynel – Director, Tax Advisory Department, Ernst & Young; Piotr Wojaczek – President, Katowice Special Economic Zone.

Here are the most interesting opinions given during the office market session.

Grzegorz Pytlarz: “The major activities in the office buildings’ construction are visible amongst local developers. GPP Business Park and Nowe Katowickie Centrum Biznesu are the most significant undertakings both being raised by companies from Katowice. We observe that tenants interest in the City is growing. Economic missions, participation in trade fairs, engagement of the City Hall and large human potential enable to predict that Katowice will be winning new investors. If Echo Investment kicks-off works on A4 Business Park and delivers the building on schedule, it will most likely be very successful project. However, it has to be remembered the companies (tenants) make decisions today, they do not believe in visualizations.”

Michał Goli: “Our company has prepared two interesting office project in Katowice. The first one – Galeria Południe – is situated on Kolejowa St. in the southern part of the City. There are three buildings of 6 500 sq. meters each, designed by Medusa Group. Presently, the project is suspended – we do not rent the office spaces as the City Hall wants to built a new road system in the area and we wait for the decision. The second reason is that we look for more experienced partners to start the scheme together. GC Investment also owns a plot near the A4 motorway close to the circuit prosecutor’s office. It would be a 18 000 sq. meters project. Part of the office space is already secured by the letter of intent signed by the district court. We have applied for the planning consent in the City Hall. Additionally, the Academy of Physical Education is interested to relocate the training stadium which borders our plot – if it happens we would have 4 ha area to erect at least 40 000 sq. meters project. I expect the investment will not be start soon as it needs time, the project on Kolejowa St. is much more possible to be launched.”

Piotr Wojaczek: „Industrial companies operating in the zone are more and more interested in setting up shared services centers. The great example of this type of activity is Rockwell Automation based in Katowice. The company had established a manufacturing plant in the City a few years ago and recently have leased office spaces in Francuska Office Center to work on shared services processes on a wider scale. In this case, I also see a chance for such cities as Tychy, Gliwice or Bielsko-Biała where the demand for office space may be increased in the near future by the industrial firms having plants there. […] In general, the City Center redevelopment is crucial for the image  and attractiveness of Katowice as a destination for new investors.”

The Property Forum was initiated and prepared by PTWP Group. The same company organizes the European Economic Congress in Katowice.