New Work opens new regional locations in Poland

New Work opens new regional locations in Poland

New Work, a Hungary-based serviced office provider, continues its expansion in Poland by moving to regional city markets with the openings in Lodz and Krakow.

 

In Krakow, New Work will occupy building H in Bonarka for Business (B4B), one of the most popular office complexes in the city located in close proximity to Bonarka City Center shopping mall. Building H, the 8th element of B4B, has just been officially handed over, extending the office complex to over 75,000m². The office provider will occupy 2,800m².

 

New Work’s second location will be Hi Piotrkowska 155 in Lodz. The serviced office provider will occupy four floors in the tower building as well as having a conference and meeting centre on the ground floor, totalling nearly 5,000m². The tower, constructed as part of the project, will be the tallest office building in Lodz. The entire development, which will comprise two office and service buildings and a Hampton by Hilton hotel, is planned to be delivered by Q2 2020. The developer and investor of the project is the Master Management Group.

 

“We are the only flex space provider born and raised in Central Europe covering all major CE markets. Over the last five years, New Work has grown by 100% year-on-year and we intend to keep this pace. In Poland, we are consistently adding new offices to our network to be able to offer our clients prime locations in all relevant cities, and are now opening our second office in Lodz. Despite being a newcomer to Krakow’s market, we are already in the process of choosing another location there. By the end of this year, we want to provide a total of 50,000m² of office space. The portfolio consists of 25 locations in five countries and seven cities in the CE region, and we are aiming for 100,000m² soon,” said Hubert Abt, CEO, New Work.

 

“The rapid growth in serviced offices and coworking spaces has so far concentrated on Warsaw. However, today it is the regional cities that boast the strongest growth potential. At the end of the first quarter of 2019, Krakow’s office buildings offered 17,700m² of flexible office space, nearly seven times less than Warsaw’s stock, while Lodz had just 1,800m². Looking ahead, this will change - thanks to New Work. The provider has chosen high-quality office buildings in prime locations in both cities which will certainly become sought-after destinations,” commented Jarosław Pilch, Head of Tenant Representation, Office Agency, Savills in Poland.

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