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.



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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