Horizon, one of the most iconic office complexes in Warsaw’s Mokotów district owned by Union Investment Real Estate, has in recent months signed up four new tenants who will take offices with a combined area of nearly 2,500 sq m. The lease for over 1,000 sq m with Staleks, which was finalized at the end of 2023, was one of last year’s largest office transactions in this district. Global real estate services firm Cushman & Wakefield is the letting agent for Horizon.
Having taken stock and adapted work models to changing market environments, companies are now more confident about deciding whether to stay on or relocate to a new office. They clearly know what the needs of their teams and their financial capabilities are, and are committed to providing employee amenities such as easy commutes, public transport and access to a vast array of infrastructure facilities near the workplace. Their other priorities are to save energy and reduce service charges,”
says Katarzyna Evans, Leasing Manager, Office Agency, Cushman & Wakefield.
Companies have various strategies – some opt for long leases on account of high office fit-out costs while others prefer short-term commitments. That’s why the owner of Horizon currently agrees to negotiate even one-year leases,”
adds Katarzyna Evans, Leasing Manager, Office Agency, Cushman & Wakefield.
Companies prefer to delegate the comprehensive office fit-out process
The key challenges of commercial fit-out projects are invariably turnaround times and tight schedules. By delivering projects under a Design & Build procurement route which involves responsibility for both a detailed design and comprehensive construction works, we are better placed to meet these challenges. An additional advantage in the case of Horizon is that Cushman & Wakefield is also the property manager for the complex – through close cooperation and a good understanding of our respective duties we are able to act even more swiftly,”
says Karol Nowak, Senior Project Manager, Project & Development Services Poland, Cushman & Wakefield.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In 2022, the firm reported revenue of $10.1 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more. For additional information, visit: www.cushmanwakefield.com.