The 30,000 office building is scheduled for completion in January 2014 and the total investment is estimated at EUR55 million. The project is financed by PPF Bank in the Czech Republic.

Construction works started in August and 40% of the tower is rented to firm Teamnet International, specializing in the development of software applications.

Companies interested in renting space in Green Gate operate mainly in the IT, telecom, pharma and back office/shared services sectors, said the representatives of the Czech group.

S Group Holding was set up in 1991 and focuses on three areas of activity: construction, development and facility management, in the Czech Republic and Slovakia. The group is controlled by two Czech businessmen, Petr Syrovastko and Jiri Urban.