In October 2021, GlobalLogic, the international leader in the IT industry, will occupy an area of 10,000 sq m. as part of a new lease agreement at Wrocław Business Park - Strzegomska Park. This is the first transaction in the history of the Wrocław office space market in which the landlord decided to demolish a part of a functioning office complex and then build a new building here fully adapted to the needs of a specific tenant. Thus, GlobalLogic, being an IT industry leader, sets new trends also on the local office real estate market. GlobalLogic used the transaction to support the international consulting company Cushman & Wakefield.
GlobalLogic is a leader in the field of digital product engineering services. The company helps clients design, create innovative products and platforms, as well as create digital experiences tailored to contemporary realities. GlobalLogic has 30 engineering centers and design studios, employing a total of over 15,000 professionals from around the world. The Polish branch of GlobalLogic specializes in software for embedded systems and digital transformation.
- We will try to meet the highest expectations of our employees - says Piotr Krzysztofik, president of GlobalLogic Poland and Croatia. - Our office, in every respect, will meet the highest standards not only in Wroclaw, but also in Poland. I mean, among others optimal quality of finishing materials used and an ergonomic way of arranging the interior in the building. Modular spaces will appear there, adapted to the specifics of the work of individual project teams. Areas for rest or physical activity with yoga and strength training are also provided. There will also be a restaurant. A car park will be built in the basement of the building, which will complement the outdoor parking spaces.
- We are very happy that GlobalLogic, which has been our partner for many years, has once again trusted us and has decided to enter into another long-term Agreement with us. It is confirmation for us that it is worth applying clear and partner cooperation principles. With our tenants in mind, we have decided to completely rebuild the Park - new buildings will be erected in the place of current buildings in accordance with the highest standards currently present on the commercial space market - said Adam Galewski, Managing Director at DEVCO Sp. z o. o.
- We are witnessing a history on the Wrocław office market, because this is the first transaction of this type in which the landlord decided to first demolish part of the functioning complex, and secondly to build in its place a fully-adapted office building with an area of over 10,000 sq m . Under the current contract, GlobalLogic will remain a tenant in a part of the Wrocław Business Park complex - Strzegomska Park until the new space is occupied. In addition to the high standard that the landlord provides in the new building, GlobalLogic appreciated the location of the Wrocław Business Park - Strzegomska, which as a result of the modernization of the communication infrastructure currently underway, directly adjacent to the park, is significantly gaining attractiveness - says Marcin Siewierski, Associate, Office Space Department, Office Manager Cushman & Wakefield in Wroclaw.
Wrocławski Park Biznesu - Strzegomska Park is a complex of 12 independent A + class office buildings with a total area of 15,000 sq m. - as a result of the reconstruction at the Business Park, 6 new buildings with a total area of approximately 50,000 sq m will be built in the place of the current buildings. The complex is located at Strzegomska Street, close to the center of Wrocław and Wrocław Airport, as well as near the Śródmiejska Bypass and Legnicka Street, which allow convenient access to any part of the city.
Source: Cushman & Wakefield
Deltamarin, a Finish consulting and design office for the marine industry, is relocating to a new, larger 1,000 sq m office in building B2 of BCB Business Park in Gdańsk. The tenant was represented by global real estate services firm Cushman & Wakefield.
Deltamarin provides services for marine and offshore companies, including shipyards, ship equipment suppliers, ship owners, marine suppliers and oil concerns. It has over 25 years of experience in marine engineering, ship design and specialist tooling solutions. In addition to Poland, Deltamarin is also present in China, Croatia and Finland.
“After more than six years of using several office spaces in building B1 we decided to move to the recently-completed building B2. As the new office occupies the entire lower wing of the building, we have finally accommodated all our employees in one space. We also have a more user-friendly and tailor-made work environment in the same location, which our employees have already become accustomed to,” says Jadwiga Sztelwander-Zięba, General Manager, Deltamarin Poland.
“Cushman & Wakefield was engaged as an advisor to Deltamarin during their search for office space. Our team was responsible for the selection of the new location in Gdańsk and participated in negotiations of lease conditions with the property’s owner. We are seeing a growing interest among international companies in the area near Gdańsk Airport, which is evidence of the increasing significance of Tricity as a long-term business location,” says Daria Zagożdżon-Dembicka, Negotiator, Office Agency, Cushman & Wakefield.
BCB Business Park is a business centre in Gdańsk-Rębiechowo, in the immediate neighbourhood of Lech Wałęsa Airport, within an approximately 20-minute drive from the city centre. At full build out, the project will offer approximately 50,000 sq m of class A office space. Building B2 is the second of the five planned buildings of the complex. It was completed in 2017 and offers more than 9,000 sq m of office space.
Source: Cushman & Wakefield
The Spark C office building in Warsaw was the first in Poland to obtain the demanding WELL Core & Shell Certification. This means that the building met a number of strict criteria related to health, well-being and comfort of work. The certificate was granted by the International WELL Building Institute (IWBI). In addition, the Skanska Group’s office located in Spark C obtained the LEED Commercial Interior certification at the highest platinum level. Thus, this innovative office building can already boast of five of the most important multi-criteria building assessment certificates on the market.
Harbingers, a company offering e-marketing solutions, is moving to the Mosiężnicza 3 office building in Kraków. Leasing nearly 300 sqm it is going to occupy the entire floor. In the process of searching for the right premises and during negotiations it was advised by Knight Frank.
Another excellent year for the investment market, record office lease transactions in Warsaw and the burgeoning growth of alternative asset classes - these are some of the Polish commercial property market highlights of 2019. Real estate advisory firm Savills forecasts that next year the market’s performance will depend on the health of the global economy, and key developments will include the completion of spectacular office towers and mixed-use projects.
ManpowerGroup, a global HR consultancy, has leased 1,200 sq m of office space in Olivia Gate in Gdansk. The tenant was represented by global real estate services firm Cushman & Wakefield.
ManpowerGroup is the leader in HR solutions. It has operated in Poland since 2001 and has built a presence in 40 locations across the country. ManpowerGroup will focus on the growth of its Manpower and Experis brands in the new location, which will also be home to an international team delivering RPO (Recruitment Process Outsourcing) solutions. It provides services in contingent staffing and permanent recruitment, personnel consulting and career management. ManpowerGroup’s brand portfolio includes ManpowerGroup Solutions, Manpower, Experis and Proservia.
“The relocation of our offices in Tricity is our response to the growing needs to accommodate our growth. As we are a recruitment partner for multiple cutting-edge organisations, an attractive office serves an additional function - it helps reinforce our image as a dynamic and reliable partner for both our clients and job applicants,” says Tomasz Walenczak, Manpower Brand Director. “A multifunctional space in a convenient location also translates into a more comfortable work environment. Modern interior design items help us respond to diverse employee needs and meet their workplace expectations,” adds Tomasz Walenczak.
“Olivia prides itself on its community - a unique group of companies and people. Not only do they work in buildings located next to one another, but they also build business-to-business relations and engage in joint projects, sports leagues, a joint sailing club and hundreds of similar charitable, business and activity-related initiatives. In Olivia Business Centre we are united by our passion and this motto best reflects the relations we do our best to build at the site. Manpower superbly complements our community as they are an HR company and a very important service provider for other Olivia residents,” says Maciej Kotarski, Leasing Director, Olivia Business Centre.
“Cushman & Wakefield’s team was responsible for securing a new office location in Tricity for ManpowerGroup. The integration of both local and global brands of the company posed many challenges, but we are pleased that we fulfilled all the requirements of our client and guaranteed business continuity of all the teams. The continued presence of ManpowerGroup in Gdansk for years to come is confirmation that the Tricity labour market still has a lot to offer,” said Katarzyna Ciszewska, Junior Negotiator, Office Agency, Cushman & Wakefield.
Olivia Gate is part of Olivia Business Centre, the largest office complex in northern Poland, located at 472 Grunwaldzka Avenue. It offers more than 17,000 sq m of office space spread over seven floors, and a two-level underground car park with 365 parking spaces.
Source: Cushman & Wakefield
Patrizia Immobilien AG has sold Feniks office building located in Warsaw to South Korean Investor via Warburg-HIH Invest Real Estate. Savills advised the buyer in the transaction.
Wide-ranging Outlook 2020 report uncovers the issues facing investors and occupiers
From retail survival and sustainability investment through to the impact of automation and major political and economic change, Cushman & Wakefield’s new EMEA insight report explores the major themes the commercial real estate industry needs front of mind next year.
The Outlook 2020 report contains 11 chapters examining the major challenges and opportunities confronting the commercial real estate industry across the region.
Colin Wilson, Chief Executive Officer, EMEA, at Cushman & Wakefield, said: “Real estate isn’t immune to external factors, but it is the driver of its own destiny in many ways. It is as important to understand what demographics mean for the future of real estate and how a changing society fundamentally challenges the status quo as it is to understand absorption or yields.”
Katarzyna Lipka-Nawrocka, Manager of the Consulting and Research team in Cushman & Wakefield Poland, said: “The report outlines a number of interesting themes and trends which are becoming increasingly notable on the Polish real estate market as well. Changing demographics, new technologies, environmental protection and sustainable growth are just a handful of factors shaping the future of all sectors going forward. That’s why it is so important for both real estate investors and occupiers to understand the long-term impact of these issues and to reformulate their respective strategies.”
Key themes in the report include:
Service isn’t a choice, it’s a necessity that all investors in all sectors are having to rethink.
Andrew Phipps, Head of EMEA Research & Insight at Cushman & Wakefield, points out that technology fuels a shift in the use of physical space. “As space and technology become more entwined, we are seeing an increase in the amount of services people can use in a set space,“ he said. “With people requiring an ever-increasing level of flexibility in their everyday lives, they expect products and services to be provided on demand. Occupiers and landlords will need to adapt to those expectations to future-proof their businesses.”
Pay lip service to sustainability at your peril. Investors that don't act risk impacting value.
Phipps said: “People are leading the green revolution and ‘forcing’ businesses to make a change. Investors will further encourage market practices to integrate sustainability requirements into their decisions. From a real estate perspective, climate change will affect valuation, leasing and investment markets. An eventual downward repricing of higher-risk assets will be the market’s way of redirecting capital to locations and assets less exposed to climate risk.”
Formats will continue to shift as retailers demand more from investors.
“Retailers need an even deeper understanding of consumers’ behaviour and what drives their decision-making to provide them with the products, services and experiences they want to buy. This requires investment,” said Phipps.
The current retail revolution is not the first significant change that the sector has experienced as shopping centres and out-of-town supermarkets also fundamentally changed the way consumers shopped. This latest structural change increases the efficiency of retailing and provides greater choice for consumers in terms of when, where and how they shop.
Living formats will evolve with an increasing demand for inclusive, carefully curated communities where retirement and starters live side by side.
“Older generations could profit from new concepts created by and for the younger generation, such as intergenerational living or co-locating,” said Phipps. “The sharing economy could evolve into the idea of shared living, bringing heterogenous consumer bases together.”
Productivity measurement will become an increasing influence in the workplace as technology helps to shine a spotlight on performance.
Data collection on how office spaces are being used is nothing new, but Internet of Things technologies are transforming the visibility of operations and the knowledge that can be derived. This insight into the performance of buildings and workspaces enables inefficiencies to be tracked and understood, building expenses to be reduced and a better, more productive environment for occupiers to be created.
Source: Cushman & Wakefield
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