December 27, 2018

ShareSpace advises PayU on the biggest flexible workspace transaction in the region.

ShareSpace advises PayU on the biggest flexible workspace transaction in the region.

PayU – a worldwide leader of online payments chose WeWork Krucza as their new office location, marking it the biggest flexible workspace transaction in the CEE region.

In November 2018, PayU, a worldwide leader of online payment processing, signed a  membership agreement with WeWork. Starting beginning of February PayU will locate it’s Warsaw HQ in Kurcza 50, granting it’s employees access to WeWork facilities.  The process was co-ordinated by Katarzyna Szymczak - HR Manager PayU, Mateusz Piotrowicz - Country Manager ShareSpace and Piotr Capiga - Associate at Cushman & Wakefield.

Since looking for a flexible office solution was PayU’s primary objective, the company decided to change their current location from the Q22 office building and move to WeWork Krucza. The membership agreement includes workspace for 88 employees within an enterprise module, namely a private separated office space for large, fast-paced organizations. The unprecedented scale and speed of this transaction was possible thanks to the advisory services of the ShareSpace team, and their cutting edge platform sharespace.work which is the first end-to-end tool of this kind connecting companies with flexible space operators online.

"Our most important assets are our employees. The community aspect of our workplace was extremely important to us when choosing the new location for our HQ. I’m convinced that daily interactions with other members of the WeWork community will increase personal, social, and professional competences of our employees. During the process we were keen not only about the central location but first and foremost about numerous, additional value-added services that we can offer to our employees through the WeWork membership: numerous meetings, conferences, concerts, wellness classes, beautiful outdoor patio, common breakfasts and an afternoon prosecco glass to name a few examples of the ultramodern WeWork approach to office space users. Since we spend most of our time in the office we needed a space that is well thought out and comfortable. We were considering a lot of alternatives, but WeWork’s offer was superior in every single way. An attractive location and extraordinary benefits support the recruitment process of new talent, which is really important for an innovative organization like PayU,” said Katarzyna Szymczak, HR Manager PayU.

"We’re thrilled to be welcoming PayU to our first location in the CEE region, WeWork Krucza 50. Across all our locations worldwide, we’re seeing enterprise companies grow as a sector of our membership base, and we’re expanding quickly here in order to fulfill the demand from enterprise businesses as well as smaller companies. From a recent report in the States, we know that 40 percent of enterprise members say they chose WeWork because they wanted a more creative entrepreneurial environment and 30 percent of enterprise members have offices at WeWork in multiple cities. We are pleased that our vision of the workplace encouraged PayU to become part of the WeWork community, and we look forward to welcoming them to our space," commented Mikhail Konoplev, General Manager, WeWork Central Europe.

"Thanks to our understanding of the client’s business needs and our cutting edge technology, we were able to identify and offer a tailored solution that would tick all the boxes. We`ve been looking for a space, which can offer privacy, dedicated conference rooms and chillout zones, while granting the Client’s employees easy access to extensive amenities offered by the space provider. The solution suggested by WeWork perfectly answered those needs. An absence of up-front and fit-out costs is one of the many benefits of choosing coworking spaces, and WeWorks’s location in no exception. Through our online platform we were able to provide much needed transparency and communication improvements, granting the parties insight into the details of the transaction at all times. This in turn allowed us to finalise the agreement in a record time of 2 weeks," concluded Mateusz Piotrowicz from ShareSpace.

The growing interest in flexible, serviced spaces observed in 2018 shows that even global corporations increasingly want to use flexible workplaces that foster the employee community while ensuring the freedom to quickly increase and reduce the number of required workspaces.

"The ability to answer to dynamically changing tenant needs and the comprehensive support of demanding clients such as PayU are the basis for C&W operations. The strategic partnership agreement signed in 2017 between Cushman & Wakefield and ShareSpace was the beginning of a revolution that we can currently observe in the office space market. Cushmans years of experience in the real estate sector in combination with ShareSpace’s cutting edge technology allowed for an extremely precise response to the needs of our clients. This in turn guarantees an unprecedented level of operational flexibility, which visibly reduces the duration of the lease process," added Piotr Capiga, Associate in the office area, Cushman & Wakefield.

"Taking advantage of our experience, we were able to provide PayU with the highest quality service in the field of tenant advisory in searching for a new and creative space. We are also very pleased that we were trusted by a company as reputable as PayU and we could participate in this revolutionary transaction. We think that it can be viewed as a cornerstone to global corporations adopting coworking solutions in their real estate portfolios," said Robert Chmielewski, co-founder of ShareSpace.

WeWork Krucza is based in heart of Warsaw’s CBD and offers various membership plans.

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