Ericsson signs largest office deal in Lodz for 2016 – EuropaProperty

Ericsson – a global leader in delivering ICT solutions – has signed a lease agreement for 8,400 sqm of space in University Business Park in Lodz, developed by Globe Trade Centre S.A. (GTC). Ericsson will move to its new office in July 2017. This was the largest lease transaction in Lodz in 2016.

In the process of determining a long-term strategy, including searching for a suitable location and shaping the lease terms of the contract, Ericsson was supported by international advisory company JLL.

Monika Dobrogosz, REFM Manager CUCE excl. HU, Representative of Ericsson, said: “Ericsson – the leading ICT company in Poland, with the acquisition of the company based in Lodz and Kraków, needs to offer its employees excellent condition of work, meeting the worldwide company standards. We trust that work environment provided in two new buildings we lately signed leases for, will reflect our brand and culture with the highest standard available.”

University Business Park is a complex of two 7-storeys buildings offering a total of around 39,000 sqm of the modern office space, designed with effective arrangement and features the highest contemporary standards. The complex provides number of amenities for tenant’s comfort including restaurant, café, newsagent, ATM and carwash.

“Working with Ericsson on the development and implementation of the lease strategy and optimization of the office space that the company will occupy in Lodz was really challenging. Following the nine months process of market analysis, we successfully secured not only target space within UBP complex but also temporary unit in the same building, that allowed the future development of the organization,” added Izabela Ciszewska, Senior Consultant, JLL, who represented Ericsson.

The Lodz office market is developing fast with more and more international companies locating their premises there. Lodz is an excellent location for projects from IT sector, which enables such companies to continue to grow dynamically. The city also offers access to educated workforce, as well as a developed transport and office infrastructure.