Kraków

Krakow is a business city where many of the largest international corporations operating in Poland and Europe have their headquarters. It is not only an attractive labour market, but also an enormous academic and tourist center, all together dynamically builds demand for residential premises, modern office space, hotels and makes the city attractive to the investor.The office market in Krakow is one of the most dynamically developing markets among Polish cities. 2017 brought a continuation of a high activity of developers and of a strong demand in the city, which led to record-breaking new supply being delivered in the city, and to a record-breaking office take-up. The total office stock in the city in 2017 exceeded 1 million m2, and at the end of 2017 it was estimated at 1.1 million m2. Krakow has a very well developed hotel market and the largest number of officially categorised hotels (158) compared to other cities in Poland.
City Kraków
Genearal information about the city in relation to the real estate market Krakow is a business city where many of the largest international corporations operating in Poland and Europe have their headquarters. It is not only an attractive labour market, but also an enormous academic and tourist center, all together dynamically builds demand for residential premises, modern office space, hotels and makes the city attractive to the investor.The office market in Krakow is one of the most dynamically developing markets among Polish cities. 2017 brought a continuation of a high activity of developers and of a strong demand in the city, which led to record-breaking new supply being delivered in the city, and to a record-breaking office take-up. The total office stock in the city in 2017 exceeded 1 million m2, and at the end of 2017 it was estimated at 1.1 million m2. Krakow has a very well developed hotel market and the largest number of officially categorised hotels (158) compared to other cities in Poland.
Financial investment budgeted in public projects in 2018 in PLN Financial investment amounts to 1 046 284 541 PLN (as of September 30, 2018) , including investments:
● program: 768 684 287 PLN,
● strategic: 264 093 502 PLN,
● district: 13 506 752 PLN.
The most important projects completed between October 2017 and September 2018 ● Construction of the Hall of the 100th anniversary of KS Cracovia together with the Disabled People's Sport Center,
● Construction: a new DPS pavilion named L. and A. Helclów; nursery at ul. Lipska; kindergartens at ul.Kościuszkowców 6 and ul.Rydygiera 20; Culture Center at os.Kantorowice,
● Construction of bicycle paths,
● Construction of the Park in Zabłocie "Stacja Wisła" and revitalization of the Krakowski Park,
● Construction of a sports hall at the ZSOMS in Krakow; sports hall at the VII Secondary School; floodlit artificial turf with accompanying infrastructure for the Sport Club Hutnik; playground at ZSE nr 1,
● Renovation and adaptation of the former garrison shooting range at ul. Królwej Jadwigi,
● Modernization of tramway tracks with accompanying infrastructure (ul.Basztowa),
● Construction of parking in the P&R system - Bieżanów and Kurdwanów in Kraków,
● Krakow Zoo - construction of the entrance pavilion,
● Construction of the Municipal Archives at ul.Na Załęczu 2 (st.I)
Major projects planned for 2019 ● Modernization of the Ludowy Theater building together with the construction of the necessary infrastructure to conduct cultural activities and space development,
● Cluster of Socio-Economic Innovation Zabłocie 20.22,
● Expansion of ul.Kocmyrzowska, al.29 Listopada, ul.Mochnaniec, ul.Kozienicka, ul.Forteczna, ul.Szafrana, ul.Portowa,
● Construction of the KST tramway line, stage III (Krowodrza Górka - Górka Narodowa),
● Construction of an integrated interchange junction with P&R Bronowice car park and bus terminal,
● Construction of the integrated interchange junction P + R / B + R Rząska - Mydlniki - Wapiennik,
● Construction of a sensory park with a viewpoint between os.Tysiąclecia and os.Oświecenia,
● Zakrzówek Park,
● Revaluation of Bednarski Park and Lasota Hill,
● Revitalization of Plac Św.Ducha in Krakow,
● Construction of a sports hall at primary school No. 151, ul. Lipińskiego 2,
● Modernization of sports facilities KS Clepardia together with land development.
Major current projects ● Renovation and modernization of Krzysztofory Museum, ● Revitalization and modernization of Krakow parks, eg. Sports Park, Park Lotników Polskich, ● Pocket parks in every district of Krakow, ● Revitalization of Vistula Boulevards and their lighting, ● Construction of a swimming pool at ul. Eisenberg, ● Places of recreation and relaxation, ● Construction of bicycle paths, ● Construction of a car park in the P & R system - Mały Płaszów, ● Modernization of pre-school playgrounds, ● Adaptation of rooms in schools to pre-school units, ● Restoration of Fort 52a
Financial resources (in PLN) for investment in each of the last five years In 2017: 578 697 418 PLN, including: strategic -137 329 090 PLN, program - 429 514 112 PLN, and district: 11 854 212 PLN. In 2016: 537 099 908 PLN, including: strategic - 133 214 348 PLN, program - 390 360 382 PLN, and district: 13 525 178 PLN. In 2015: 578 729 125 PLN, including: strategic - 265 641 164 PLN, program - 300 038 682 PLN, and district: 13 049 279 PLN. In 2014: 669 697 912 PLN, including: strategic - 384 859 722 PLN, program - 269 425 824 PLN, and district: 15 412 366 PLN. In 2013: 401 241 672 PLN, including: strategic - 230 049 958 PLN, program - 156 324 475 PLN, and district: 14 867 239 PLN.
The proportion of the city’s budget invested in projects for buildings in relation to other expenditure (in pct and PLN) total expenses: 5 581 357 284 PLN,
current expenses: 4 485 231 373 PLN,
investment expenses: 1 058 525 911 PLN,
share of investment expenses to current expenses: 23,60 %,
share of investment expenses to total expenses: 18,97 %
How many projects does the city carry out using EU funds, and what is their value? In 2018, the city implements 46 projects with the total amount of PLN 1 483 045 287,41, while the co-financing amounts to PLN 824 732 552,98.
How open is the city to outside investors? Does it offer special incentives and investment development programmes? What are they? An important role in attracting new investors is fulfilled by the Investors and Innovative Economy Support Center operating within the framework of the Municipality of Krakow. It offers assistance to domestic and foreign investors, including support in the investment process and preparation of meetings and presentations for investors. The Center's activities are also aimed at promoting Krakow investment offer during the largest European real estate fairs. In Kraków and the entire Małopolska voivodship, decisions on support for companies implementing new investments under the Polish Investment Zone are issued by the Kraków Technology Park on behalf of the minister competent for the economy. The amount of public aid in the area served by KPT, in the form of income tax exemption CIT or PIT, is: 35% for large, 45% for medium, 55% for small and micro enterprises. The city is constantly developing its conference facilities, which allows the organization of all types of business meetings, congresses and conferences. Krakow is a platform for cooperation between science, business and local government. The clusters are an example of activities aimed at building a network of such cooperation.
Which factors make the city attractive to invest in? What is the potential of the city? (location, infrastructure, proximity to expressways connecting, human capital) • Huge potential of well educated people - Krakow is an academic center (22 universities, over 160 thousand students, more than 57 thousand graduates)
• Convenient geographical location - at the intersection of important road and railway communication routes of Europe, has the second largest in Poland International Airport - Krakow Airport (in 2017 almost 6 million passengers were served)
• Polish Investment Zone - income tax relief (public aid) and attractive investment areas
• Very high stock and access to modern office space (over 1 million sqm of modern office space)
• The numerous scientific & research institutions creating great resources for the industry, offer opportunities for cooperation and technology transfer for business sector
• Start-up Ecosystem: incubators, accelerators, Lifescience Park, Startup Week
• Cooperation between business and universities
• A large market for products and services
• An attractive place to work and live (great cultural offer)
Which major real estate investors have decided to invest in the city in 2018? Who are the potential investors in the city? among others: Skanska, Buma, Echo Investment S.A.,Control Process S.A., CHB14 Kraków, Dom-Bud M. Szaflarski Spółka Jawna Kraków, HAVRE Sp. z o.o. Kraków, INTER-BUD Kraków, Lobos Nieruchomości Kraków, Olsza Nieruchomości Kraków, Przedsiębiorstwo Budowlane START Kraków, Sawig Invest Group Kraków, Verona Building Kraków.
How good is the zoning plan coverage? Since 18 October 2018, there are 182 local plans in place, which means that 59.7% of Krakow's area is covered by plans.
Since 24 October 2018 - 4 local plans are awaiting entry into force, and 53 local plans are being prepared.
What is the waiting time for building permits? less than 65 days
Why does the city deserve the award? (please stress the most important factors that make the city friendly to investors) Kraków is one of the most economically attractive cities of Eastern Europe which influences the number of investments located here. Demographic and scientific potential, avalibility of well-educated talent pool and attractive geographical location are the most important assets of our city. Rich real estate offer together with well developed services sector and scientific and research back-up are just a few arguments for choosing Kraków as the investment location. Kraków is good place to live.
City
Kraków
Genearal information about the city in relation to the real estate market
Krakow is a business city where many of the largest international corporations operating in Poland and Europe have their headquarters. It is not only an attractive labour market, but also an enormous academic and tourist center, all together dynamically builds demand for residential premises, modern office space, hotels and makes the city attractive to the investor.The office market in Krakow is one of the most dynamically developing markets among Polish cities. 2017 brought a continuation of a high activity of developers and of a strong demand in the city, which led to record-breaking new supply being delivered in the city, and to a record-breaking office take-up. The total office stock in the city in 2017 exceeded 1 million m2, and at the end of 2017 it was estimated at 1.1 million m2. Krakow has a very well developed hotel market and the largest number of officially categorised hotels (158) compared to other cities in Poland.
Financial investment budgeted in public projects in 2018 in PLN
Financial investment amounts to 1 046 284 541 PLN (as of September 30, 2018) , including investments:
● program: 768 684 287 PLN,
● strategic: 264 093 502 PLN,
● district: 13 506 752 PLN.
The most important projects completed between October 2017 and September 2018
● Construction of the Hall of the 100th anniversary of KS Cracovia together with the Disabled People's Sport Center,
● Construction: a new DPS pavilion named L. and A. Helclów; nursery at ul. Lipska; kindergartens at ul.Kościuszkowców 6 and ul.Rydygiera 20; Culture Center at os.Kantorowice,
● Construction of bicycle paths,
● Construction of the Park in Zabłocie "Stacja Wisła" and revitalization of the Krakowski Park,
● Construction of a sports hall at the ZSOMS in Krakow; sports hall at the VII Secondary School; floodlit artificial turf with accompanying infrastructure for the Sport Club Hutnik; playground at ZSE nr 1,
● Renovation and adaptation of the former garrison shooting range at ul. Królwej Jadwigi,
● Modernization of tramway tracks with accompanying infrastructure (ul.Basztowa),
● Construction of parking in the P&R system - Bieżanów and Kurdwanów in Kraków,
● Krakow Zoo - construction of the entrance pavilion,
● Construction of the Municipal Archives at ul.Na Załęczu 2 (st.I)
Major projects planned for 2019
● Modernization of the Ludowy Theater building together with the construction of the necessary infrastructure to conduct cultural activities and space development,
● Cluster of Socio-Economic Innovation Zabłocie 20.22,
● Expansion of ul.Kocmyrzowska, al.29 Listopada, ul.Mochnaniec, ul.Kozienicka, ul.Forteczna, ul.Szafrana, ul.Portowa,
● Construction of the KST tramway line, stage III (Krowodrza Górka - Górka Narodowa),
● Construction of an integrated interchange junction with P&R Bronowice car park and bus terminal,
● Construction of the integrated interchange junction P + R / B + R Rząska - Mydlniki - Wapiennik,
● Construction of a sensory park with a viewpoint between os.Tysiąclecia and os.Oświecenia,
● Zakrzówek Park,
● Revaluation of Bednarski Park and Lasota Hill,
● Revitalization of Plac Św.Ducha in Krakow,
● Construction of a sports hall at primary school No. 151, ul. Lipińskiego 2,
● Modernization of sports facilities KS Clepardia together with land development.
Major current projects
● Renovation and modernization of Krzysztofory Museum, ● Revitalization and modernization of Krakow parks, eg. Sports Park, Park Lotników Polskich, ● Pocket parks in every district of Krakow, ● Revitalization of Vistula Boulevards and their lighting, ● Construction of a swimming pool at ul. Eisenberg, ● Places of recreation and relaxation, ● Construction of bicycle paths, ● Construction of a car park in the P & R system - Mały Płaszów, ● Modernization of pre-school playgrounds, ● Adaptation of rooms in schools to pre-school units, ● Restoration of Fort 52a
Financial resources (in PLN) for investment in each of the last five years
In 2017: 578 697 418 PLN, including: strategic -137 329 090 PLN, program - 429 514 112 PLN, and district: 11 854 212 PLN. In 2016: 537 099 908 PLN, including: strategic - 133 214 348 PLN, program - 390 360 382 PLN, and district: 13 525 178 PLN. In 2015: 578 729 125 PLN, including: strategic - 265 641 164 PLN, program - 300 038 682 PLN, and district: 13 049 279 PLN. In 2014: 669 697 912 PLN, including: strategic - 384 859 722 PLN, program - 269 425 824 PLN, and district: 15 412 366 PLN. In 2013: 401 241 672 PLN, including: strategic - 230 049 958 PLN, program - 156 324 475 PLN, and district: 14 867 239 PLN.
The proportion of the city’s budget invested in projects for buildings in relation to other expenditure (in pct and PLN)
total expenses: 5 581 357 284 PLN,
current expenses: 4 485 231 373 PLN,
investment expenses: 1 058 525 911 PLN,
share of investment expenses to current expenses: 23,60 %,
share of investment expenses to total expenses: 18,97 %
How many projects does the city carry out using EU funds, and what is their value?
In 2018, the city implements 46 projects with the total amount of PLN 1 483 045 287,41, while the co-financing amounts to PLN 824 732 552,98.
How open is the city to outside investors? Does it offer special incentives and investment development programmes? What are they?
An important role in attracting new investors is fulfilled by the Investors and Innovative Economy Support Center operating within the framework of the Municipality of Krakow. It offers assistance to domestic and foreign investors, including support in the investment process and preparation of meetings and presentations for investors. The Center's activities are also aimed at promoting Krakow investment offer during the largest European real estate fairs. In Kraków and the entire Małopolska voivodship, decisions on support for companies implementing new investments under the Polish Investment Zone are issued by the Kraków Technology Park on behalf of the minister competent for the economy. The amount of public aid in the area served by KPT, in the form of income tax exemption CIT or PIT, is: 35% for large, 45% for medium, 55% for small and micro enterprises. The city is constantly developing its conference facilities, which allows the organization of all types of business meetings, congresses and conferences. Krakow is a platform for cooperation between science, business and local government. The clusters are an example of activities aimed at building a network of such cooperation.
Which factors make the city attractive to invest in? What is the potential of the city? (location, infrastructure, proximity to expressways connecting, human capital)
• Huge potential of well educated people - Krakow is an academic center (22 universities, over 160 thousand students, more than 57 thousand graduates)
• Convenient geographical location - at the intersection of important road and railway communication routes of Europe, has the second largest in Poland International Airport - Krakow Airport (in 2017 almost 6 million passengers were served)
• Polish Investment Zone - income tax relief (public aid) and attractive investment areas
• Very high stock and access to modern office space (over 1 million sqm of modern office space)
• The numerous scientific & research institutions creating great resources for the industry, offer opportunities for cooperation and technology transfer for business sector
• Start-up Ecosystem: incubators, accelerators, Lifescience Park, Startup Week
• Cooperation between business and universities
• A large market for products and services
• An attractive place to work and live (great cultural offer)
Which major real estate investors have decided to invest in the city in 2018? Who are the potential investors in the city?
among others: Skanska, Buma, Echo Investment S.A.,Control Process S.A., CHB14 Kraków, Dom-Bud M. Szaflarski Spółka Jawna Kraków, HAVRE Sp. z o.o. Kraków, INTER-BUD Kraków, Lobos Nieruchomości Kraków, Olsza Nieruchomości Kraków, Przedsiębiorstwo Budowlane START Kraków, Sawig Invest Group Kraków, Verona Building Kraków.
How good is the zoning plan coverage?
Since 18 October 2018, there are 182 local plans in place, which means that 59.7% of Krakow's area is covered by plans.
Since 24 October 2018 - 4 local plans are awaiting entry into force, and 53 local plans are being prepared.
What is the waiting time for building permits?
less than 65 days
Why does the city deserve the award? (please stress the most important factors that make the city friendly to investors)
Kraków is one of the most economically attractive cities of Eastern Europe which influences the number of investments located here. Demographic and scientific potential, avalibility of well-educated talent pool and attractive geographical location are the most important assets of our city. Rich real estate offer together with well developed services sector and scientific and research back-up are just a few arguments for choosing Kraków as the investment location. Kraków is good place to live.

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