Nokia renews lease in West Gate

We continue our business development in places where we feel good. These conditions are found in Wrocław, with its attractive labour market, and West Gate, which offers very comfortable and modern offices. We hope that our decision will encourage more investors to connect their business future with this city.

Bartosz Ciepluch, Head of the Technology Centre in Wrocław

This year has been very intense for us. In June, we became the largest institutional office investor in Poland, strengthening this position with further acquisitions in July and October. Now we are signing Globalworth Poland’s largest lease agreement in 2018 with Nokia. The fact that our client has decided to extend the contract two years before it expired is the best confirmation that our business strategy is correct. We would like to thank them for trusting us and look to further  cooperation in the years to come.

Sebastian Suchodolski, Office Leasing Director, Globalworth Poland

At the end of the third quarter of 2018, the volume of office space in Wrocław amounted to slightly more than 1 million sqm. From the beginning of July to the end of September, nearly 132,000 sqm was delivered to the market and over 270,000 sqm of office space is under construction. However, not only the high activity of developers, but also that of tenants are indicative of the excellent condition of the office sector in Wrocław. The best example is the renewal of the lease agreement by Nokia in West Gate. According to our data, this has been the biggest lease transaction at the Wrocław office market in 2018 so far.

Dorota Kościelniak, Head of Wrocław Office, Colliers International