Andrea Mihai, Hagag Development Europe: H Private Arghezi represents a huge flight to quality

by admin
Andrea Mihai, Hagag Development Europe: H Private Arghezi represents a huge flight to quality

[ad_1]

Business Review spoke to Andrea Mihai, recently appointed CEO of Hagag Development Europe, to talk about the “private office” concept available from the real estate developer with the H Private Arghezi project, announced in October and scheduled to open in the third quarter of 2023

  1. What exactly is a “private office”? Where does this concept come from?

A private office is a dedicated work space, set aside and inaccessible to other companies, that tenants rent for exclusive use. What’s more, private offices provide full control over the leased space and associated costs, and typically come with a range of services to meet a wide range of business needs. Essentially, when located within a full-service business center such as H Private Arghezi, these offices are fully serviced and provide all the amenities that normally come with renting traditional corporate space, but on a more flexible and efficient basis .

But the concept of “private office” is not something we invented, nor is it something new on the market. If we look back at the history of workspaces, we will realize that it was the Romans who bequeathed us the office. Not content with inventing roads, concrete, aqueducts, newspapers, sewers and drains, and with a vast empire to control, the Romans had their own business district, and it was they who created the “officium,” the Latin term for “bureau,” which gives us the word we use today. Over time, the emphasis of office design has shifted to form and layout, but never purpose. And depending on the industry, employee preferences and work, it’s natural for workspaces to vary. However, one thing remains certain: private offices can give employees a better chance to focus on their work without distractions, reducing the stress associated with administrative tasks to zero. Nowadays, working from a private office is becoming increasingly popular worldwide as businesses look for more efficient and productive ways to conduct their operations.

  1. What makes you say that?

When they choose to rent an “all inclusive” private office located in a business center, as we offer with H Private Arghezi, tenants are effectively getting a serviced office, which means that their workspace is much more than just a workspace: it is a compilation services designed to meet their business needs. As for H Private, in addition to the office space being fully prepared and ready to go from the date they move in – from individual, fully furnished premises, to broadband services and reception, the center also offers a business concierge and a dedicated Community Manager, who will make sure to assist our tenants with all their day-to-day operational aspects.

  1. Were there signs that this new office product was in demand?

yes Especially in the second half of 2021 and the first three quarters of this year. Needless to say, the past two years have seen a paradigm shift in corporate culture in terms of how organizations large and small perceive the workplace. Financial constraints, lack of predictability, increased need for flexibility and the hybrid system of work have left their mark on the office space market around the world. However, people have expressed a desire to physically return to the office, interact with colleagues and co-workers and resume their social activities. They consistently find that they are much more productive and can easily achieve a state of work-life balance if they get up in the morning and come to the office instead of working from home. The hybrid working model, sanitary crises caused by the Covid-19 pandemic, economic pressures have all contributed to increasing the demand for office space with smaller lettable areas and created a need for more flexible contracts in terms of duration, services and facilities .

We typically invest in high-end products where demand is strong, and as for the private office segment, we have reason to believe that it will not slow down. On the contrary.

Plus, we actually think the pandemic has done something great for the office world – it’s made people care about where they work. And H ​​Private Arghezi represents a huge flight to quality in terms of business centers and private offices, as well as our office buildings H Tudor Arghezi 21 and H Victoriei 109.

  1. Why would anyone choose H Private Arghezi?

Our location is designed as an optimal solution for both entrepreneurs, freelancers, start-ups, small and medium companies and teams, as well as for large corporations who need additional flexible space, but at the same time want to benefit from first-class services. We are talking about an individual workspace, fully furnished and dedicated exclusively to the tenant and/or his team, with secure access to the office and implicitly to the Center and its facilities, all covered by a fixed monthly price. This comprehensive rental includes everything from facilities management and cleaning services to internet, front desk assistance, postal services, business concierge, community manager, utility costs, unlimited water, tea and coffee and to free hosting of a company social address. Compared to corporate leasing, private offices have no service charge.

As for our offer, it is customized for each individual tenant, depending on their business needs. We can talk about small offices that comfortably accommodate up to 3 people, but also about larger, more generous spaces. Of course, clients can rent several offices at the same time, why not the entire floor. Meeting rooms, on the other hand, are a stand-alone product and can be rented by the hour by absolutely anyone, 24 hours a day, 7 days a week, regardless of whether they are an active tenant of H Private or not.

Overall, H Private Arghezi wins through flexibility by offering turnkey space, favorable terms and facilities, cost efficiency and the benefits of working in the city KM 0. And it is our strong belief that the all-inclusive rental concept will has become extremely popular with our tenants, especially in these turbulent times when there is such a great need for predictability of costs and budgets.

  1. What does Hagag offer compared to other players already present in this segment?

First of all, we offer more than workspace. H Private Arghezi is a full-service business center that brings to the table not only private offices, meeting rooms or virtual offices, but also a curated collection of premium facilities and services, as well as a new, modern and elegant office setup within one of the – the emblematic office buildings in Bucharest – H Tudor Arghezi 21. To them an exceptional location right in the beating heart of the city, years of know-how and international experience, competitive prices and a team of professionals who will stay close to our tenants “needs and support them with all operational aspects. And in line with our brand’s business philosophy, our offering includes personalized services that meet the needs and demands of the business environment, while presenting working professionals with a bold, innovative concept designed to combine service excellence and the sobriety of a professional environment with a bohemian environment. an art gallery atmosphere offering a unique atmosphere for the business community growing in the center of Bucharest. A business with an “art touch” if you prefer, as in addition to the interior design elements and individual art pieces that will adorn the common spaces, the Center’s lounge will also act as an exhibition space that we offer pro bono of young Romanian artists. Every three months, H Private Arghezi will host a series of micro-exhibitions in which different works of art – sculptures, paintings or other artistic formats – will be displayed in designated spaces and which our tenants have the opportunity to purchase if they wish.

In short: we offer less overhead, minimal distraction and a prestigious and artistic workspace. And consider that there are many benefits to owning a private office space, whether you’re just starting a business, looking to relocate, or looking to scale. Renting a private office is like plug-and-play — virtually no effort is required to set up a physical space, and administrative costs are minimal to none. In addition, H Private Arghezi is located in the heart of the city center, within walking distance to everything that matters for your business: public institutions, 4 and 5* hotels, banks and other financial institutions, bars, cafes, schools and kindergartens , theaters, public transport and direct connection to all other districts.

  1. How do you see the growth prospects of this particular niche and how much have you invested in your first business center serving this segment?

The private office segment undoubtedly has real growth potential with real prospects for long-term development. Our first location, H Private Arghezi, will open in the first half of 2023, following a consolidated investment of approximately EUR 1.5 MLN and will include 30 individual workspaces, fully furnished offices and high-tech meeting rooms, an elegant lounge, cozy kitchenettes and a dedicated reception area spread over an area of ​​1,500 square meters. The center occupies the first two levels of H Tudor Arghezi 21 and promotes the idea of ​​privacy and security, bringing competitive advantages to the business environment, both in terms of cost and facilities.



[ad_2]

Source link

You may also like