News Article IWG Kraków lease office Poland Revetas
by Property Forum | Office

Significant new leases, prolongations and expansions were signed at the Bonarka for Business “B4B” office park in Kraków.

Bonarka for Business “B4B” announced a new collaboration with the world’s number one workspace provider globally, IWG, which recently started operations in Building H with 1,495 sqm. In addition to flexible serviced offices and workstations in Bonarka for Business “B4B”, IWG will offer 3 different areas for their potential partners: one large room, planned to accommodate 14 people, and two smaller offices, each designed for 4 people. IWG emphasizes flexibility and adaptation to the needs of their clients, which is why all bookings are made through the website or their application (Regus). The company’s unparalleled presence spreads across six continents, covering 3,300 locations in over 1,000 cities across more than 120 countries and employing more than 10,000 people. The firm was founded in Brussels in 1989, and some of their most renowned brands globally include Regus, Spaces, No18, Openoffice, Basepoint and Signature.  

Additionally, in early December, two significant leasing deals were signed in B4B Building H, resulting in long-term lease-ups of 1,271 sqm of new space and prolongations of a total surface of almost 4,500 square meters from two important tenants. Herbalife Nutrition, a premier global nutrition company has prolonged its existing lease and has leased an additional office space in building H. Their journey at B4B started back in 2013, when they leased office space in Building C, and then they were relocated to B4B’s state-of-the-art H building. Grupa ATERIMA, a specialist in-home care for seniors, employee recruitment and employment, has also prolonged its existing lease in building H and signed a new lease for additional space in the same building. Grupa ATERIMA signed their first lease contract in B4B 12 years ago, and since then their trust is undiminished in the business park.

Additional new tenants secured in B4B Building D in 2022, including (a company that manages a cryptocurrency platform, which has more than 24,000 active daily traders), BHP Center (a specialist in health safety management) and Big Ben Kindergarten (a bilingual preschool offering English classes for children by British native speakers) leasing a total surface of 900 square meters.

The end of January was another eventful period at B4B, as Nortal Poland, an international leader in building cross-border IT organizations, signed a long-term renewal in Building F for 1,295 square meters. Nortal Poland starts operations in the Polish market, following its acquisition of Skelia. Nortal Poland started operating through Skelia’s office in Kraków while uniting current Skelia’s employees with its global talent pool in pwrteams business unit. Skelia started its journey at B4B in 2016, when the software developer leased an office area in Building E, and two years later, due to their expansion, relocated to a new office in Building F.

„It's always a great pleasure to welcome new tenants in B4B, and we are also delighted to feel the trust and support of existing tenants when we sign an extension or a lease prolongation. It has been a very challenging period for the office market in Poland due to the pandemic, but also very rewarding, a testament of the positive partnerships we established over a decade ago. Our tenants’ journey started in B4B and continues to grow as the project evolves. We have witnessed the resilience and trust of the existing and new tenants in the project, considering the current economic context, and in the business potential of the Kraków market. We are thrilled to see our satisfied tenant mix growing and choosing B4B as their headquarters”, said Anna Krztoń, Leasing Director of TriGranit.  

Robert Gouge, Principal at Revetas Capital, declares: “We are very pleased to see the most recent results of our tenant relationship program and the long-term collaboration we have established with our business partners. This demonstrates the project’s attractiveness and quality in a highly competitive office market. We stay in close contact with each of our tenants and listen and respond to their feedback by continuing to invest in improving their experience in our office park. The recently inaugurated B4B Oasis, and the upcoming B4B Meadows project and redesign of the main square to create more green and relaxation areas for B4B employees illustrate the shared objectives of Revetas Capital and TriGranit, to ensure an improved work-life balance, and to achieve the highest possible ESG targets for B4B and other projects throughout our portfolio.“