Schering-Plough moves to Marynarska Business Park in Warsaw (PL)

Schering-Plough, a global leader in pharmaceutical industry, has recently signed a lease agreement in Marynarska Business Park developed by Ghelamco in Mokotow district in Warsaw. Schering-Plough will occupy over 2,300 m² and its office will accommodate the combined Polish operations of Schering-Plough. Moving-in is expected by the end of 2008. The entire project consists of 3 interconnected buildings and one office tower offering over 43,000 m² of modern office space. In the process of leasing, Ghelamco was advised by DTZ.

Wojciech Raczynski, General Manager of Schering-Plough's Human Health business in Poland, commented: "Transferring all Schering-Plough employees to one office location marks a major milestone in our local integration process, which started after the take over of Organon Biosciences by Schering-Plough last year. As a company we are very much looking forward to move into our new premises, which will allow us to further improve our efficiency and efficacy as one combined company."

Jakub Sylwestrowicz, Senior Consultant in Jones Lang LaSalle, who advised the tenant during the transaction, commented: "This transaction is another example of office projects being leased either prior to handing over or soon afterwards. It is also another indication that Mokotow district has become second business location after the city centre with fine tenants being attracted by quality office projects. The entire deal proves the advantage of consistent real estate services over brokerage approach. At the moment Jones Lang LaSalle continues co-operation with Schering-Plough on disposing part of its current premises. Besides, our technical team provides full scale Project Management services in regards to fit-out process in the new office."

Tomasz Czuba, Leasing Director of Ghelamco Poland said: "Signature of the lease agreement with Schering Plough increased the level of space leased in Marynarska Business Park to the level of 97%. We are very happy the project is so successful in attracting such multinational brand names as Schering Plough."

Source: Jones Lang LaSalle

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