Panasonic Marketing Europe GmbH, Polish Branch, has renewed its lease of 1,470 sq m of office space at Platinium Business Park in Warsaw. The tenant was represented in the negotiations by a global real estate consultancy firm Cushman & Wakefield.
Panasonic is one of the largest electronic product manufacturers in the world. Since 1918 it has drawn on its enormous research potential, innovative technologies and manufacturing expertise to deliver a broad range of products, systems and services, including consumer electronics, industrial equipment and products for the construction sector. Panasonic’s portfolio comprises around 15,000 products which stand for innovation and top quality. Its corporate activities are based on smart and green solutions. Looking to the future, Panasonic aims to satisfy various needs of its clients by delivering solutions to be used in homes, offices, factories, stores and travel. It currently has more than 500 consolidated companies whose net sales in the financial year ended 31 March 2014 totalled ¥7.74 trillion (€57.74 billion). In April 2014, Panasonic’s branch in Warsaw became the head office for Central and Eastern Europe comprising seventeen countries.
Platinium Business Park is a complex of five class A office buildings near the junction of Domaniewska and Wołoska Streets in Warsaw totalling nearly 55,000 sq m of leasable space. The first building was completed in 2007 while the most recent addition was delivered in 2012. Platinium Business Park III dates back to 2010 and offers more than 11,500 sq m of leasable space on seven levels. The Allianz Real Estate Group has owned the complex of the five office buildings since 2012. AIG/Lincoln Polska sp. z o.o. is the owner’s leasing agent.
Artur Sutor, Associate from the Office Department of Cushman & Wakefield, said: “Panasonic Corporation had considered moving its head office, but it finally decided to remain at Platinium Business Park for several more years. Besides, Panasonic has continued in this building since it was delivered on the market. The scheme is a high-profile office building in Warsaw and meets the tenant’s requirements. The complex features a green area with a small pond which is its landmark in the business region of the Mokotów district near Domaniewska and Wołoska Streets. Thanks to its architectural design, the building lets in natural light, improving the working conditions. The renewed lease also includes a financial contribution to the refurbishment of the space occupied by the tenant.”