What will it take to keep tenants happy?

20
Sep
2017
News - What will it take to keep tenants happy? #CEE #CEE Property Forum #CEE Property Forum 2017 #conference #office #Property Forum #report #tenant #wellbeing #workplace

by Ákos Budai | Report

Tenants in 2017 are looking for a lot more than four walls and a couple of cubicles. Developers and the owners of older schemes will need to adapt to the changing needs of occupiers in order to stay in the race. Our panel of tenants, landlords, developers and advisors at CEE Property Forum 2017 talked about what makes an office attractive in 2017 and what it will take to secure new leases and keep existing tenants happy in the years to come.


Interior design can be an effective tool for attracting and retaining a talented workforce as well as contributing to sustainable business growth. The interior of the workplace greatly influences the mood and productivity of those who work there, that is why people should be in the centre of all property developments. Buildings and rooms should be designed, with the help of technology, in a way to help employees be as efficient as they can, said Elina Grigoriou of Grigoriou Interiors, Chair of the RICS SKA Rating Technical Committee in her opening speech.

Tenants, landlords, developers and advisors, moderated by Michael P. Smithing FRICS, Director of Office Landlord Representation and Green Building Advisory at Colliers International, discussed what makes an office attractive to tenants right now.
 
According to Maciej Markowski, Partner and Head of Workplace Strategy CEE at Cushman & Wakefield, even though average office space per employee is still at 10 sqm, we expect a lot more from office buildings than we did a few years ago. In order to give employees more space it is not the size of the office that needs to be changed, instead we should focus on using the space we have as efficiently as possible.
 
Zinaida Vojnar, International Business Development Director at HB Reavis also believes that the quality of office space depends on a lot more than its size. A positive working environment inspires employees, so developers and tenants should keep that in mind when designing office space.

It also important to make tenants feel like they are not paying too much for workplace solutions, added John J Fekete MRICS, Global Head of Real Estate Management at the Abu Dhabi Islamic Bank.
 
Sustaining good relationships between tenants is also important. Many features of the building that enhance efficiency can be shared by different tenants, thus reducing the cost per tenant, added Jens Böhnlein, Global Head of Office Solutions & Design at CA Immo.



Latest news


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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