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.




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New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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