CitySpace adopts a regional focus
CitySpace is changing strategy and going regional, following its acquisition by Echo Investment, with the opening of three new branches in Warsaw, Łódź and Kraków. One floor of 1,001sqm in the Symetris Business Park in Łódź has been leased for seven years, 1,327sqm will be occupied in the O3 Business Campus in Kraków for the same period, while 1,450sqm in Warsaw’s Park Rozwoju building will be leased for ten years. Sebastian Rączkowski, managing director of CitySpace, said that while expansion beyond Poland was not out of the question, it was not part of the company's long-term strategy.

POLAND Following its purchase by Echo Investment, temporary office space provider CitySpace, formerly known as Compass Offices, is changing its strategy with the announcement of the January opening of three new branches: in Warsaw, Łódź and Kraków.

All the branches are to be located in Echo Investment office buildings. One floor of 1,001 sqm in Symetris Business Park in Łódź has been leased for a period of seven years, while 1,327 sqm will be taken up in the O3 Business Campus in Kraków also for seven years and the company has signed another lease of 1,450 sqm in Warsaw’s Park Rozwoju office building on ul. Konstruktorska for a period of ten years. “We are not limited to Echo Investment and we are also negotiating our next locations with other developers. We want to be present in regional cities: certainly in Wrocław, Katowice and Gdańsk. We are also considering Szczecin and Poznań. However, we are not sure whether they are large enough markets for our product to have a raison d'être,” explains Sebastian Rączkowski, the managing director CitySpace. He also added that expanding beyond Poland is not out of the question; however, it is not part of the company’s long-term strategy. CitySpace has also modified its product by introducing open spaces, which – say the management – will make it possible to offer attractive conditions for teams numbering several dozen people. The operator’s plans also include the introduction of conference facilities wherever possible. A conference area for up to 120 people is planned in the office building in Kraków. The CitySpace brand has been present on the market since September this year. It was created as a result of Echo Investment’s purchase of all the shares in five SPV companies from Compass Offices. The company currently operates from two locations, both of which are in Warsaw. The first was opened in the Rondo 1 skyscraper and the second in Plac Unii.