The largest office deal in Łódź 2016 - Ericsson leases 8,400 sqm in University Business Park

WARSAW / ŁÓDŹ, 6 February 2017 – Ericsson – a global leader in delivering ICT solutions - has signed a lease agreement for 8,400 sq m of space in University Business Park in Łódź, 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 Łódź 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 Krakow need 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.”

Ericsson is a world leader in communications technology and services with headquarters in Stockholm, Sweden. Organization consists of more than 111,000 experts who have provided customers in 180 countries with innovative solutions and services. Ericsson is building a more connected future where anyone and any industry is empowered to reach their full potential. 

“We are pleased to welcome Ericsson, one of the global leaders in delivering ICT solutions, to UBP. The GTC development has been selected as most suitable to their requirements within Lodz, while seeking opportunities to further strengthen their presence in Poland. It was a pleasure to deal with the professional real estate team of Ericsson, and conclude as a result the first business transaction between our companies.” - commented Justina Ivan, GTC Office Leasing Director.

University Business Park is a complex of two 7-storeys buildings offering a total of approximately 39 000 sqm of the most 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 Łódź 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 of JLL, who represented Ericsson.

8,400 sqm Ericsson deal was the largest office lease transaction concluded in Łódź last year. Łodź office market is developing fast with more and more international companies locating their premises there. Łódź becoming 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.

JLL has represented Ericsson in Łódź (8,400 sqm) and Kraków (8,000 sqm).

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