Nokia has decided to extend its lease agreements with Globalworth for the office space it occupies in the West Gate and West Link office buildings in Wrocław, Poland. The contract, which covers an area of nearly 30,000 sqm, is the largest lease agreement signed in a Polish regional city market this year.
Nokia moved to West Gate in 2014, where it has opened, among others, a research and development centre for new telecommunications technology. Two years later, the company entirely occupied the neighboring office building – West Link, both buildings being owned by Globalworth. Nokia now leases 14,500 sqm in West Gate and 15,200 sqm in West Link.
"The extension of the lease agreements for almost 30,000 sqm by Nokia is not only a very good sign for the commercial real estate market in these difficult times marked by Covid-19 but is also the latest example of the high value, we at Globalworth, place on solid and lasting relationships with loyal business partners. For the success of this operation, the fact that we were not only the owner but also the manager of both buildings was also of great importance. Thanks to this ownership-management model, we can be even closer to the tenants and perfectly understand their needs" - says Sebastian Suchodolski, Leasing Director - Office at Globalworth Poland.
"In both office buildings, we have the ideal conditions for the development of our company’s business. The comfortable and modern office space with all the required technical facilities and access to the Wrocław labor market convinced Nokia to extend its contracts in both of Globalworth’s office buildings" - reveals Taras Lukaniuk, the director of Nokia’s Wrocław R&D centre.
Colliers International represented the tenant in the negotiation process.
West Gate is a 17,700 sqm GLA office building located in the north-west part of Wrocław. The L-shaped building has approximately 2,700 sqm on each floor. The building has a two-level underground car park with spaces for approx. 320 vehicles. It has also obtained a BREEAM ‘Excellent’ certificate.
West Link, which is adjacent to West Gate, is a five-storey A-class office building situated on ul. Na Ostatnim Groszu in Wrocław. It comprises an area of more than 15,700 sqm.
