Flex work operators support return of employees to offices

15
Nov
2022
News - Flex work operators support return of employees to offices #Adriana Andrei #Giles Bateman #Maria Tudorică #office #Romania #Roxana Bencze #SEE Property Forum 2022 #Stamatis Sapkas

by Property Forum | Report

Flexible workspace operators and investments in amenities are boosting the efforts of companies and developers to accelerate the return of employees to office buildings, although hybrid work arrangements remain in high demand, concluded speakers in the post-pandemic office panel of SEE Property Forum 2022, held in Bucharest.


Roxana Bencze, COO, Knight Frank Romania, who chaired the panel, pointed out that hybrid work in gaining ground in Romania as people realize that they can be as productive at their job from home just like in the office.

Having a good change management process is needed for the return to the office, according to Adriana Andrei, Senior Architect, Tétris Design & Build Romania. People are looking for workspaces with green areas and the possibility to have more personalized work experiences. Co-working spaces are becoming satellites for HQ's of companies, according to Andrei.

Giles Bateman MRICSHead of Real Estate Europe – Network Development, IWG plc explained that in a large real estate project, corporate occupiers take a negative view if there is no flexible workspace provider in the project. He added that IWG has added 2 million customers and is expanding to 1,000 new locations, mostly in suburbs and secondary cities.

In the past few months, more people have returned to the office, and the arrangements of working only from home are working only in some instances, mentioned Stamatis Sapkas, Group Chief Financial Officer, Globalworth. Co-working is a good addition to existing buildings and Globalworth wants to have these spaces in the group’s projects, according to Sapkas,

Millennials and Gen Z are among the cohorts of employees that have returned to the office, explained Maria Tudorică, Commercial Real Estate Manager, Genesis Property. She added that the office is becoming a playground for culture and connection. Moreover, this allows junior colleagues to have mentorship experiences, which is harder to replicate in a remote work arrangement.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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