(P) Amid pandemic uncertainty, there is no doubt that central office spaces are the winners of the new hybrid work reality
Employers prefer to lease office space in buildings that are centrally located, which allows people to cut the commute time. Moreover, a company’s corporate culture includes not only motivational tools that increase work productivity but…
Employers prefer to lease office space in buildings that are centrally located, which allows people to cut the commute time. Moreover, a company’s corporate culture includes not only motivational tools that increase work productivity but also inspirational and office-related facilities that stimulate the team to enjoy the time spent at the office. Below, an interview with Mirela Ciovică, Head of Leasing PPF Real Estate (in picture above).
Many employers believe it is unlikely that workplaces will ever be the same as before the pandemic. What does this mean in practice and how can real estate developers ensure they maintain their occupancy?
The pandemic has had an impact on all aspects of every business, including the real estate segment. Most companies have had to figure out what works best for their people, their business, and their plans and goals, whilst being mindful of creating a balance between office work and work from home. This new model is most likely here to stay for quite some time, and I believe it brings a few very important opportunities. It releases people from rush hour, it keeps the office for focus, collaboration, research, growth, and innovation, it re-arranged high-density open spaces and allowed tenants to afford better office space by potentially leasing a bit less square meters.
Office concepts overall have become more flexible, whilst keeping only the best components of what the office space can offer and cater to.
In the last 12 months, the demand from tenants was constant and we managed to sign important lease contracts such as nhood Romania, Editec Reckitt Benckiser, Epam, and Havas which have signed for a total of almost 6.000 sqm of office space in Crystal Tower, citing the building’s ideal city location and its high-quality experience and technical specs. At the same time, Orkla Foods Romania, Ameropa Romania, ID Logistics signed leases for nearly 2.000 sqm in Metropolis Center. Last month, multinational IT giant EPAM Systems has leased 1,100 sqm in Crystal Tower to open its first Romanian headquarters and global advertising and media buying agency Havas has leased 600 sqm in the same building to relocate its new office.
What is the PPF Real Estate offer in this context?
PPF Real Estate is a leading developer and investor with property assets exceeding EUR 2,5 billion globally. The company owns two A-class office buildings in Bucharest, Crystal Tower, and
