WeWork in Mennica Legacy Tower
WeWork, flexible workspace provider, has become the sole tenant of office space in the Western Building of the Mennica Legacy Tower – the modern office complex being built by Golub GetHouse and Mennica Polska S.A. at the junction of Prosta and Żelazna streets in Warsaw. WeWork was represented in the transaction by global real estate services firm Cushman & Wakefield.
WeWork, the space and services provider, was founded in 2010 in New York by Adam Neumann and Miguel McKelvey. The company currently employs over 5,000 staff worldwide. Its members include both small to medium sized companies, as well as larger corporations such as IBM and HSBC. WeWork currently has over 253,000 members using over 280 locations worldwide, from Los Angeles to Jakarta. WeWork’s mission is to help create a world where people work to make a life, not just a living.
Czarek Jarząbek, Founder and CEO of Golub GetHouse, said: “We are immensely proud and satisfied to start cooperation with the global leader in flexible workspace market. WeWork is famous for locating its spaces in comfortable buildings with outstanding architecture, generating an atmosphere of creativity and ensuring convenient and quick access from every corner of the city. Mennica Legacy Tower certainly blends seamlessly into this trend and is even ahead of it. When designing the building, we focused not only on extraordinary architecture and excellent location, but also on state-of-the-art technologies that have not been used in any office building in Europe on such a scale so far. I am absolutely confident that the WeWork spaces at Mennica Legacy Tower will be among the most modern and comfortable in the world, and people working here will enjoy excellent conditions for development of their community.”
Mikhail Konoplev, General Manager WeWork Central and Eastern Europe, commented: “Taking space at a location like Mennica Legacy Tower proves our dedication and commitment to this city, and we're so excited to be opening here. 45 percent of WeWork member companies say that WeWork helped accelerate their growth, and one of the driving factors of this is the location of our spaces. We look forward to welcoming members to this new building and continuing to grow our community in Warsaw.”
The tenant was represented in the negotiations by Cushman & Wakefield and DLA Piper. The Golub GetHouse was advised by Colliers International and Greenberg Traurig LLP.
Łukasz Żelezik, Partner at Colliers International, said: “It is a great pleasure for us to represent a building that combines a unique, timeless architecture with ultramodern technology. Cooperation with WeWork, a leader in flexible workspace solutions, simply confirms the exceptional quality offered by Mennica Legacy Tower. The negotiations took several weeks, and in this time we were very impressed with how much WeWork cares about the comfort of their clients and the quality of offices designed for their use. This, I believe, is the key to the immense worldwide success of WeWork. It is now time for WeWork in Warsaw!”
The Mennica Legacy Tower was designed by the renowned Chicago-based architecture firm Goettsch Partners, which decided to work with the well-established design consultants Epstein. Apart from WeWork, the tenants at the office complex also include the well-known law firm Allen & Overy, which will be located on the 17th and 18th floors of the tower.
The Mennica Legacy Tower will combine unique architecture, functionality and top-quality finishings. Both buildings will feature advanced technological systems increasing the continuity and reliability of the buildings’ systems as well as improving the security of tenants. The entire project will be completed in line with the demanding requirements of the BREAAM international certificate with an “Outstanding” rating. The entire complex will be open in autumn 2019.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, advisory and other services. To learn more, visit www.cushmanwakefield.pl or follow @CushWakeCE on Twitter.
Golub GetHouse is a real estate, investment and development company with over 55 years’ experience in the real estate market in the United States and Europe. In Poland, Golub GetHouse has so far developed office buildings including the Warsaw Financial Center, the International Business Center, the Warsaw Corporate Center, and the PRIME Corporate Center, which is the headquarters of Raiffeisen Polbank. Currently, in a joint venture with Mennica Polska S.A., Golub GetHouse is developing the Mennica Legacy Tower at the junction of Prosta and Żelazna streets in Warsaw. Golub GetHouse also invests in rental apartments and student housing projects.