New Contracts and extensions in the New City Office Complex

Hines, the international real estate firm, is pleased to announce the signing of two new lease agreements in the New City complex, located at Marynarska Street 15 in Warsaw. The total office space of the signed agreements exceeds 1,273 square meters. Additionally, the current tenant of New City has decided to extend occupied office and retail space, which will take nearly 1,400 square meters in the new configuration. New City office complex belongs to the Hines Global REIT fund managed by Hines Polska.

The first of the companies to move into the New City building at the end of April 2018 will be Valeo Service Eastern Europe Sp. z o.o., an international group specializing in the design, manufacture and sale of automotive parts and systems. The company belongs to the leading largest manufacturers of automotive spare parts. In the New City, its new office will occupy nearly 1,000 square meters of office space, on the fifth floor of the building. The contract was signed for a period of seven years. The tenant was represented by Colliers company in the negotiation process.

“Modern office space offered by the New City building will provide our employees with much better working conditions. Due to the dynamic growth of the company, we needed a flexible office space that would meet our requirements for the next few years,” said Simone Terreno, General Manager from Valeo Services Eastern Europe Sp. z o.o.

The second new tenant – Xiaomi H.K. Ltd, manufacturer and distributor of electronic devices such as mobile phones and accessories, rented approximately 300 square meters of office space on the fifth floor of the building. The New City complex was chosen by the tenant as the location for company’s first office in Poland.

“Decision on the location of the company’s first headquarters in Poland, was precisely analysed. The choice of New City was dictated by the excellent exhibition of the building and location that will offer our employees various transportation options,” commented Jason Zhang, EU Sales Manager from Xiaomi H.K. Ltd.

Additionally, Fabryka Okularów Sp. z o.o decided to extend occupied office and clinic space located in the New City complex. In total, after the expansion, the company will occupy nearly 1,400 square meters of office and retail space. Throughout the negotiations, Fabryka Okularów was represented by the Walter Herz consulting firm.

“Acquiring two new tenants in a time of a very competitive real estate market shows that the New City building remains an attractive location for companies. The excellent exposure of the complex, proximity of the nearby tram and bus stops, and access to the guests and tenants parking lot made an impact on such a choice. The quality of office space and professional management in the New City complex co-creates a friendly and comfortable working environment that is appreciated by tenants,” said Julia Racewicz, Asset Manager at Hines Polska.