Cushman & Wakefield to act as the exclusive agent for G+J Polska , part of Europe’s largest publishing group

24 Jun, 2008, Warsaw

Global real estate consultant Cushman & Wakefield has won a tender to become the exclusive advisor for publishing company G+J Gruner+Jahr Polska Sp. z o.o., part of Europe’s leading publishing group, in the relocation/renegotiation of its office lease.

At present, the publisher of titles such as Claudia, Gala, Glamour, Naj and National Geographic occupies the entire 6,000 sq m of offices at 4 Wynalazek Street in Warsaw’s southern district of Mokotów. However, due to the planned expansion of the company, and the need to upgrade the standard of the premises leased, the tenant is searching for at least a six-storey building with a total of approximately 10,000 sq m. The company intends to move in the first quarter of 2010.

G+J Polska has specified that it requires the new building to be located near the main thoroughfares of the Polish capital and to offer convenient access to the airport and the city centre. Good public transport and proximity to retail, preferably a shopping centre, are also a must. The building is to be part of the modern architecture of the district in which it will be located. The company wants to remain easily recognisable and visible, which means that it needs an office building with good exposure. These requirements indicate that the district of Mokotów is the most desirable location.

In addition, the typical floor space for each storey should be a minimum 1,000 sq m. Each storey is to provide good daylight and afford flexibility in the use of space, making it easy to rearrange the office layout. The building must have an underground and/or above-ground car park.

The technical requirements also include specific conditions which will enable the company to satisfy the welfare needs of its employees. The publishing house wants to provide on each floor a room for pregnant women and nursing mothers, showers with dressing rooms as well as rest and refreshment rooms with a kitchenette. A nursery for the employees’ children, a gym, a fitness room and a canteen are also planned.

Artur Sutor, from the Office department of Cushman & Wakefield in Poland, said: “We are very pleased to have the opportunity to conduct the process of relocation/renegotiation of the current lease of G+J. The client is making our work much easier by deciding to make a change now, more than two years before its current lease terminates. Thanks to this we have a sufficient amount of time to find the ideal building. Today, given the city’s expansion plans as well as the cost conditions and the standards required, the best location for the new headquarters of G+J appears to be the southern part of Warsaw, which is in line with the client’s preferences.”

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