The work of DTZ’s office team to advise Philips on relocation to a new office facility in Kyiv.
DTZ was appointed to advise on Philips’ relocation to a new office facility in Kyiv.
Philips’ requirement was relocation to a more efficient and technically advanced building with floor plan flexibility, a good parking ratio and expansion options in the short-term and long-term perspective.
The assignment was undertaken in the face of a heavily landlord-orientated market and steadily increasing rental prices. Rents had risen by 80% since the pre-lease was signed.
What DTZ did
DTZ advised Philips on an optimal option located in the rapidly developing part of the city covering all of Philips basic requirements.
DTZ secured a five-year lease on budget, on flexible and fair terms, within the respective timeframe and without interrupting the day-to-day business operations.
Phillips relocated to a 944 sq m of new office premises at Horizon Park Business Centre in Kiev.