The French brand Yves Rocher rented a new office in Kyiv

The Ukrainian division of a well-known cosmetic brand rented a new office space in the capital's Arena City business center. The consulting company Retail & Development Advisor acted as a broker and consultant for this deal.
According to Kyrylo Kravchenko, head of RDA's office real estate department, the analysis of vacant premises began in mid-August and already in November,a lease agreement for an office with an area of ​​277 square meters on the 3rd floor of Arena City BC was signed.

"In the conditions of rocket attacks and the energy crisis the most important thing for the tenant of the office space is the possibility of uninterrupted energy supply and the issue of the safety of employees. Therefore the main technical advantages were the presence of two independent power supply inputs and an underground parking lot that can serve as a bomb shelter. In addition the landlord has installed a diesel generator with a capacity of 400 kW, which fully meets the needs of the building and the tenants during the period of lack of electricity supply," explains Kyrylo Kravchenko.

According to him, the premises are also distinguished by a successful layout, modern design solutions in decoration and full furniture (including a fully equipped kitchen, reception area, meeting rooms, etc.). Thanks to this, the process of moving the tenant took place with minimal costs.

Other advantages of the office include a location in the city center with a well-developed infrastructure within walking distance, as well as the reputation of the lessor - the TAS Group holding, which has proven itself to be a reliable partner and continues to invest in Ukraine even during the war.
It should be noted that this is not the first successful experience of cooperation between RDA and Yves Rocher in the field of office real estate. In 2017 a Ukrainian consulting company helped a French cosmetics brand rent an office with an area of ​​683 square meters in the capital's Gulliver business center.

The RDA also adds that the current situation in the capital's office real estate market is somewhat reminiscent of the beginning of 2016, when there was a high vacancy rate and landlords were fighting for potential tenants offering attractive terms of cooperation.

"Currently, the vacancy rate is 26% with the possibility of further growth. Traditionally, the lion's share in the demand structure of Kyiv's office market was played by companies from the IT sector, most of which relocated their offices abroad or to the west of the country. As for rental rates, there were no such favorable conditions for renters either during the coronavirus pandemic or in 2015-16. Most of the landlords are ready to give significant discounts for the first year of the lease or for the period of martial law, so it is now much easier to find premises with attractive commercial conditions," Kravchenko emphasizes.

Source: https://rau.ua/novyni