First Property Group has acquired the principal operating companies that own the majority of properties situated in the Kraków Business Park. The investment comprises of four class A office buildings with a gross leasable area of around 50,000 sqm, half of which is vacant. There is room in the park for additional development. It is close to the Kraków International Airport and has its own railway station. First Property has now secured third-party investor commitments to invest some €33m of new equity into Fprop Phoenix Ltd, the holding company of Kraków Business Park, with the aim of making it the best business park in and around Kraków.
