Olivia Business Centre has been consistently implementing the bond issue programme launched at the beginning of 2020. The next issue, which took place in October, met with such great interest from individual investors that it was necessary to reduce the number of subscriptions submitted. Therefore, the pool of the next issue has been increased in order to meet the high market interest.
As part of the offering of series G bonds carried out in October through Noble Securities S.A., it was planned to raise PLN 20 million. Like the previous issues, the offer was addressed primarily to natural persons. The collected subscriptions covered the amount of nearly PLN 23 million, so the October issue led to an average reduction rate of approx. 13%. ” The great interest of bondholders in this case has once again confirmed the attractiveness of investing in bonds, especially in the era of low or even zero interest rates ,” says Wojciech Gąsowski , Managing Director at Noble Securities S.A., which offers Olivia’s securities. ” The increased pool of the last issue in 2020 amounted to nearly PLN 22 million and exceeded the originally assumed demand by almost PLN 2 million.
The successfully completed series G and H bond issues are the third and fourth issues under the new issue program, which assumes the acquisition of a total of PLN 100 million. So far, PLN 75,775,000 has been collected. Both issues placed in the fourth quarter of 2020 offered a fixed interest rate of 6% per annum – well above the average for available bank deposits. In the more than 10-year history of the project on the bond market, this is the 21st issue. All previous issues have been regulated in a timely manner. What’s more, these were subsequent issues of Olivia’s bonds in which a reduction in subscriptions was applied. According to the issuer’s declaration, the program will be continued in the coming months in cooperation with Noble Securities S.A.
“The high interest in securities confirms the positive perception of the market in view of the consistent development of Olivia Business Centre. A diversified portfolio of tenants and the high technological quality of the project, confirmed by international certificates and numerous awards, have a positive impact on the attractiveness of this investment – says Maciej Grabski, President of the Management Board of Olivia Business Centre. – Since 2010 we have been building the largest business centre in Poland. Such a market reaction motivates us to continue the bond program in the coming months, as well as confirms Olivia’s position on the European business center market.
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Olivia Business Centre in Gdańsk is the largest and most modern office and business center in the Tri-City agglomeration. Its target size will significantly exceed 200,000 sq m, and already amounts to 175,000 sq m, which has made Olivia Business Centre the largest office project in Poland. Olivia’s largest residents include Airhelp, Amazon, Arrow, Bayer, Deloitte, Energa, EPAM, Fujifilm, Nordea, PwC, Ricoh, Sii, Staples, ThyssenKrupp.
At the same time, Olivia Business Centre is much more than buildings. Several hundred business, educational, cultural and sports events take place here throughout the year. A unique combination of services and amenities for tenants and guests has been created in the office center, which consists of eight restaurants, 4 cafes, a professional two-storey fitness center, a nursery and kindergarten for 100 children, a primary school, a high school, an IT academy, a medical center, a dentist’s office, a pharmacy, 5 bank customer service points and 5 conference centers, O4 – one of the largest coworking spaces in Poland, but at the same time a vast patio filled with vegetation, fountains and places to relax. Other OBC buildings receive high marks from BREEAM ecological certification from excellent to very good.
In July 2019, on the 32nd, 33rd and 34th floor of Olivia Star, the highest building in northern Polish, a project was launched, constituting a unique, additional offer attracting guests from all over the world to Olivia Business Centre. On the 32nd floor, a public viewing level has been opened, allowing a 360-degree view. for the whole Tri-City. It offers not only a stunning panorama of the Bay of Gdańsk, the Tri-City Landscape Park and the Gdynia cliff coast, but also originally designed interiors, catering and recreational facilities. On the 33rd floor of the building there are two prestigious restaurants: Arco and Treinta y Tres, run by Paco Pérez, one of the most successful chefs in the world. On the 34th floor, at a height of nearly 160 meters above the ground, a multifunctional conference center located the highest in Poland has been created. Olivia offers over 1600 parking spaces, a number of electric car charging points, points for storing and charging electric scooters, several hundred bicycle racks and large changing rooms with showers for cyclists in each of the 7 buildings.