BNP Paribas Bank Polska Extends Lease in Avatar Building in Krakow

Cromwell Property Group, an international real estate investor and fund manager, renewed its lease agreement with BNP Paribas Bank Polska for 6,891 sqm of office space in the Avatar building at Armii Krajowej 28 in Krakow. The bank will occupy four floors, including the ground floor, which houses a branch.

Avatar is a modern, seven-story Class A office building offering 11,000 sqm of space. The building stands out with its green glass facade and provides access to roof terraces, parking, and electric vehicle charging stations. Its convenient location enables easy access by car and public transport to other parts of Krakow.

The signed agreement is part of Cromwell's broader strategy. In May, the company signed an agreement with Stoneweg regarding the sale of its European fund management platform and related assets worth 3.8 billion euros for 280 million euros. The transaction is expected to be finalized after obtaining necessary regulatory approvals, creating a new European real estate management platform worth nearly 8 billion euros.

Cromwell Property Group, acting on behalf of Cromwell European Real Estate Investment Trust, strengthens its position in the real estate market by implementing key lease agreements, such as the one with BNP Paribas in Krakow.