21
February
2014
|
00:00
Europe/Amsterdam

GROUPON HAS EXTENDED THE OFFICE LEASE

GROUPON HAS EXTENDED THE OFFICE LEASE IN
THE MILLENNIUM PLAZA BUILDING IN WARSAW, POLAND

Warsaw, 21 February 2014 – CBRE, the world’s leading real estate advisory firm, announced today that Groupon has extended the lease agreement of the office space in Millennium Plaza in Warsaw. CBRE advised the Tenant in the renegotiation process.

Groupon (NASDAQ: GRPN) is a leading local commerce marketplace that connects merchants to consumers by offering goods and services at a very competitive discount. Groupon is the first choice intermediary for the clients who search for special offers in the Internet. Thanks to a global network and thousands of business partners, Groupon provides the best offers of the services, travels and products across the world in the best prices ever.

Groupon Polska has been Millennium Plaza’s tenant since 2011 and occupies ca. 2 000 sq m of the office space.

Millennium Plaza, owned by Atlas Estates, is a 112 m tall, B+ class office-retail building located in the center of Warsaw at 123a Jerozolimskie Avenue. The total usable space of 50 000 sq m. includes over 38 300 sq m of the office space.

Daniel Bienias, Senior Director of CBRE’s Office Agency, said:

„We are delighted that Groupon entrusted us the renegotiations of its office lease agreement in Millennium Plaza. The CBRE advisors have negotiated more attractive lease terms that will help with the cost reductions related to the office space. The Building offers many amenities for its tenants and guests such as fitness club, restaurant, cafeteria and travel office among others. Its convenient central location provides excellent access to infrastructure and public transport.”