Schibsted & Vend Polska extends lease at the High5ive complex in Cracow

Schibsted & Vend Polska, a technology hub developing digital platforms used daily by millions of users, has extended its lease for 2,500 sq m of office space at the High5ive complex, located in the very heart of Cracow. Advisory support during the renegotiation process was provided to the tenant by Walter Herz.

Since launching its operations in Poland in 2012, Schibsted & Vend Polska has been developing intelligent digital platforms, including news services, classified applications, and AI-driven solutions. Cracow technology hub works closely with teams in Sweden, Norway, Finland, and Denmark as part of the international structures of Schibsted, one of the leading Scandinavian media groups and Vend, which brings together Nordic marketplace platforms.

– The decision to extend the lease forms part of the organization’s long-term strategy, focused on building an engaged team and creating a work environment that supports collaboration, integration, and professional growth. A key factor was the ability to further adapt the space to evolving business needs, as well as to objectives related to talent acquisition and retention. The lease renegotiation process, carried out with the support of Walter Herz advisors, made it possible to optimally secure these objectives. In this context, the High5ive complex offers a high standard and comfortable working conditions, solutions that promote efficient and employee-friendly space organization, as well as a strong pro-environmental approach. An additional advantage is its attractive location, providing excellent access to public transport and Cracow’s service infrastructure – says Katarzyna Kowalczyk, CEO/CFO of Schibsted & Vend Polska.

– Our role was to provide comprehensive support to the client in renegotiating the commercial terms of the lease. Schibsted & Vend Polska decided to extend its lease at the High5ive complex based on a thorough business analysis and benchmarking of the Cracow office market. Through negotiations and an analysis of available options, a lease variant was selected that ensures the company an optimal cost structure, operational stability, and flexibility for growth over the coming years in one of the region’s leading office developments – says Kamil Kowalewski, Associate Director at Walter Herz.

High5ive is a complex comprising five office buildings, located in the center of Cracow. The development offers approximately 70,000 sq m of total space and provides an attractive working environment. Situated close to Cracow’s key attractions, the project offers tenants a range of amenities, including concierge services, green areas, a public basketball court, and convenient access to shops and restaurants. The development also features infrastructure dedicated to cyclists, including bicycle racks, charging stations, showers, changing rooms, and bike repair stations.

High5ive is located near renowned universities and Cracow’s Old Town Market Square. The location allows tenants to take advantage of the city’s rich cultural and recreational offerings. Kraków Balice Airport can be reached within approximately 25 minutes.

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Schibsted & Vend Polska extends lease at the High5ive complex in Cracow

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