WeWork commits to Warsaw

08
Aug
2018
News - WeWork commits to Warsaw #Golub GetHouse #lease #office #Poland #Warsaw #WeWork

by Property Forum | Office

WeWork, flexible workspace provider, has become the sole tenant of office space in the Western Building of the Mennica Legacy Tower, a modern office complex being built by Golub GetHouse and Mennica Polska S.A. at the junction of Prosta and Żelazna streets in Warsaw.


WeWork, the space and services provider, was founded in 2010 in New York by Adam Neumann and Miguel McKelvey. The company currently employs over 5,000 staff worldwide. Its members include both small to medium-sized companies, as well as larger corporations such as IBM and HSBC. WeWork currently has over 253,000 members using over 280 locations worldwide, from Los Angeles to Jakarta. WeWork’s mission is to help create a world where people work to make a life, not just a living.
 
Mikhail Konoplev, General Manager WeWork Central and Eastern Europe, commented: “Taking space at a location like Mennica Legacy Tower proves our dedication and commitment to this city, and we're so excited to be opening here. 45 percent of WeWork member companies say that WeWork helped accelerate their growth, and one of the driving factors of this is the location of our spaces. We look forward to welcoming members to this new building and continuing to grow our community in Warsaw.”
 
The tenant was represented in the negotiations by Cushman & Wakefield and DLA Piper. The Golub GetHouse was advised by Colliers International and Greenberg Traurig LLP.
 
The Mennica Legacy Tower was designed by the renowned Chicago-based architecture firm Goettsch Partners, which decided to work with the well-established design consultants Epstein. Apart from WeWork, the tenants at the office complex also include the well-known law firm Allen & Overy, which will be located on the 17th and 18th floors of the tower.
 
The Mennica Legacy Tower will feature advanced technological systems increasing the continuity and reliability of the buildings’ systems as well as improving the security of tenants. The entire project will be completed in line with the demanding requirements of the BREAAM international certificate with an “Outstanding” rating. The entire complex will open in autumn 2019.



New leases

  • 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.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

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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