Law firms are desired office tenants in Poland

12
Sep
2023
News - Law firms are desired office tenants in Poland #law firm #office #Poland #Savills

by Property Forum | Office

Law firms are among the most active office tenants. They have for years shown a strong preference for central HQ locations, trophy offices and a high standard of finish, reveals the latest research from Savills.


Out of the 20 largest law firms in Poland, 17 are headquartered in Warsaw and have a combined headcount of approximately 2,300 lawyers. According to the research data from Savills, central locations accounted for a vast majority (92%) of office demand from the legal sector in Warsaw in recent years. Since 2016, law firms have leased a total of 125,000 sq m in central Warsaw, favouring office towers and refurbished tenement buildings.

The largest offices have been leased since 2016 by: CMS (7,000 sqm, Varso Tower), DZP (6,500 sqm, Rondo 1), Dentons (6,300 sqm, EC Powiśle), DLA Piper (5,300 sqm, Atrium 2), SKS Kancelaria (5,200 sqm, Jasna 26) and Greenberg Traurig (5,000 sqm, Varso Tower).

Savills tenant representation and building and project consultancy teams have in recent years had an opportunity to collaborate with and support many law firms in office selection and fit-out projects. Their experience and findings, including data collated by Savills analysts, underpin the firm’s report “Offices for Law Firms”.

“Office space plays a pivotal role for the legal sector not only in work, but also in image building. Elegant offices that inspire trust and add to a company’s reputation must serve both employees and clients. The legal sector is therefore one of those industries where an appropriate office is still an essential requirement as remote working has not been widely embraced. This translates into the preferences of law firm tenants who are less focused on optimising their footprints or saving on location or fit-out costs”, says Jarosław Pilch, Head of Tenant Representation, Office Agency, Savills Poland.

Savills explains in its publication that office design trends in the legal sector have evolved over the years from single or double offices through to open and semi-open plan setups and multifunctional spaces requiring implementations of diverse solutions suited to the unique type of work that lawyers do.

International law firms which have recently moved and opened new offices in Warsaw include Greenberg Traurig and Bird & Bird. Real estate advisory firm Savills provided comprehensive support throughout their leasing processes as well as technical advisory and office fit-out project management.

“Workplace design has changed over the years, but the key factor shaping an office layout is the model and nature of work in order to create optimal conditions for heads-down work. Modern workspace must meet the highest standards and needs of law firms while ensuring supreme efficiency, functionality and aesthetics”, says Jakub Jędrys, Head of Building & Project Consultancy, Savills Poland.




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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