Philips Poland will occupy 4,000 sq m which constitutes almost half of the Symetris Business Park II building in Lodz. The leader in technology will expand its business in a new office located in the complex owned by Echo Investment. The Knight Frank Tenant Representation team represented Philips Poland in the process of choosing the location and lease agreement negotiations.
Philips has been present on the Polish market since almost 90 years. It is among the most recognizable appliance and electronics producer brands. The company will move into the new space in Q4 this year. Philips Poland has a guaranteed option for further expansion within the same building.
"The presence of Philips Poland in Symetris Business Park II is proof of the highest quality of the space we offer in our investment project. It also confirms the dynamic growth of the office market in Lodz, which we co-create." – added Paweł Milcarz, Senior Leasing Manager in the Office Department at Echo Investment.
"We are happy to advise Philips Poland on the choice of their new office location. Lodz has a great history of entrepreneurship. Philips Poland decision to move into Symetris Business Park II fits well into this tradition. It is worth to promote it by choosing the highest class office buildings.” - said Karolina Wilczak-Łuczyńska, Associate Director, Tenant Representation at Knight Frank.
Symetris Business Park, which is developed by Echo Investment, is currently part of the portfolio of Echo Polska Properties – a Dutch company operating on the basis if the REIT formula and investing in the real estate sector, particularly in retail, office and warehouse properties all over Poland.