Echo Investment concluded a loan agreement with a value of over EUR 30 mln with BNP Paribas Bank Polska. The acquired funds – an investment loan of EUR 29 mln and a VAT loan of PLN 5 mln – will be used to construct two stages of A4 Business Park – an A class office complex which is being developed in Katowice.

“We are glad that BNP Paribas Bank Polska joined the group of partners which finance our investment projects while the parameters of the loan indicate a continuous improvement on the cash market in Poland. We count on A4 Business Park being the first step to successful cooperation between our capital groups and we hope for more loans for our commercial projects,” says Grzegorz Iwański, director of the Funding Department at Echo Investment. The A4 Business Park project consists of three buildings. The first building was completed in Q1 this year. The 7-storey building offers an area of 9,000 sqm and it has been leased in its entirety by the IBM IT concern which opened its office centre in A4 Business Park. The construction of the second stage of the project is currently in progress, it will include a 10-storey building with an office area of app. 9,000 sqm and a multi-storey car park offering 560 spaces. The completion of the building is planned for Q4 2014. The contractor of the shell of the building is Remax Construct. A4 Business Park is being developed on Francuska Street in Katowice, near an exit from the A4 motorway. The facility is surrounded by excellent network of public transport – there are numerous bus stops and a railway station nearby. The design of A4 Business Park has been developed by the DDJM architectural studio of Kraków. The A4 Business Park buildings have been designed with care for quality and safety: solid natural materials, the latest technologies, energy-efficient lift and ventilation systems, the access control system and burglary alarm are only a few of the elements which reflect the modern character of the facility. The facility also includes a number of service and retail outlets, cloakrooms and bicycle parking spaces as well as a fitness club and some relaxation areas. In March this year A4 Business Park obtained a BREEAM Interim certificate with a "very good" grade and a very high score of 64.62 pct.In the spring earlier this year the office building obtained a BREEAM Interim certificate with a "very good" grade and a very high score of 64.62 pct. www.a4businesspark.pl