Oras expands shared services center in Wrocław

Despite the pandemic, Wrocław continues to attract businesses, says the Wrocław Agglomeration Development Agency (ARAW). Last year, Oras chose the capital of Lower Silesia for its shared services center. To accommodate its rapid growth, the company is planning to expand its office in mid-2021. Real estate advisory firm Savills has supported Oras in its entry into the Wrocław market and in office space leasing.

Oras is a Finnish manufacturer of bathroom and kitchen faucets and a specialist provider of modern touchless solutions for a smart home that save water. It decided to set up a customer service center in Wrocław. Oras has leased flexible office space in Spaces Wroclavia since 2020, but ultimately it will take occupancy of 540 sqm in the Sagittarius Business House.

“We welcome our new tenant. The successful letting shows that both the location and the property meet the requirements of internationally active companies. Currently, 11.5 percent of the space is available,” Malte Wallschläger, Head of Asset Management International at Warburg-HIH Invest Real Estate, said. 

Warburg-HIH Invest Real Estate acquired the Sagittarius Business House on behalf of an individual fund it manages for an institutional investor in 2017. The property has a gross lettable area of around 25,000 sqm. Besides, the six-story building encompasses around 1,300 sqm of retail and restaurant space on the ground floor, as well as a preschool. There are 322 parking spots on the premises, most of them located in the in-house underground car park.

“The tenant will move to its new location in the middle of this year where it will occupy office space meeting its current fit-out requirements under a long-term lease. As Wrocław is a mature office market, we were able to propose to our client several scenarios for the expansion of its shared services center from which it chose the best one in terms of financial, functional, and HR conditions,” Bartosz Plewa, Savills Wrocław office, said.

(WBJ)