• <h1>Case study Matarnia Office Park</h1>

    Case study Matarnia Office Park

    The debut on the office market, bringing full commercialisation and outcomes based on safe contracts with stable tenants.

Walter Herz
CLIENT

Matarnia Office Park

INDUSTRY

residential development

SURFACE

approx. 7,000 sq. m of GLA

LOCATION

Gdansk

SERVICES PROVIDED
Support in optimising fit-out
Recommendations for the division of modules and arrangements
Cooperation on arrangement plans
Tenants acquisition and giving presentations
Conducting bidding processes
Negotiating financial terms
Negotiating lease provisions
Process coordination for space handover
Development and implementation of commercialisation strategies
Preparing schedules for the rental processes
Preparing schedules for the rental processes
Tenant mix recommendations
Advice on lease policies and incentives
Competitor analysis (bids, trends, incentive level)
Preparation and ongoing updating of the lease offer
Support in defining technical standards
Support during the term of contracts
Marketing activities, promotion of the building
Organisation of events and promotional events

Project description

Investor’s debut on the office market, full commercialisation

Domesta, a Tri-City residential developer, carried out an office project for the first time. It wanted to combine investment function with acquiring a new headquarters for the company. Our task was to translate the vision and design of the building into a market product and ensure full commercialisation despite high uncertainty on the market.

CHALLENGES

The first office project, without a background or recognition on the market

The project was the first office development for an investor with a non-established position in the commercial sector and without commercialisation experience. A key challenge was to develop a lease offering in a pre-let format and ensure predictable revenues and financial outcomes in line with the investment objectives. Conducting the whole process in a challenging market environment during an economic slowdown and the pandemic posed an additional challenge since tenants demonstrated increased caution, which translated into lengthy decision-making processes.

OUR SOLUTIONS

Commercialisation strategy turning a building into a subject of the lease

We started with analysing the design documentation and optimising the building’s layout for commercialisation to ensure that the floor structure, modular space and adopted standards would enable flexible adaptation to diverse tenant needs. We then developed a comprehensive commercialisation strategy, encompassing rental and operating policies, an incentive package, recommended contract lengths and guidelines for the project market communication. We provided comprehensive leasing management services, from inquiry management and arranging presentations, through support with space planning and fit-out budgeting, to active collaboration with brokers and establishing direct relationships with potential tenants, systematically building a pipeline of interest in the project. In the final phase, we represented Domesta in negotiating financial terms and contractual provisions, securing the investor’s interests and ensuring the stability and predictability of future revenues.

BENEFITS

Full commercialisation despite the pandemic and an outcome exceeding the investor’s assumptions

Skomercjalizowaliśmy oba etapy inwestycji w 24 miesiące, mimo okresu pandemii i wyraźnego spowolnienia na rynku biurowym. Parametry finansowe najmu przekroczyły początkowe założenia inwestora o ok. 15%, a przychody zostały oparte o terminowe umowy zawarte ze stabilnymi firmami, m.in. Rockfin, Viega, txWireless i Generali, ze średnią ważoną długości umów przekraczającą 5 lat. Projekt zbudował pozycję Domesty jako wiarygodnego inwestora biurowego i wzmocnił markę firmy poza segmentem mieszkaniowym.

Our clients’ testimonials speak for themselves

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The goal of our cooperation was to commercialise the Matarnia Office Park investment on an exclusive basis, despite harsh conditions on the office real estate market. Walter Herz carried out the whole process at the highest level, showing its outstanding commitment, timeliness and effectiveness.

Przemysław Maraszek, President of the Management Board

DOMESTA

The team responsible for the project

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