Infosys Inks Poland's Largest Office Lease Deal so far in 2014

New Delhi: Infosys, India's second largest software services firm, has signed a contract with commercial real estate developer Skanska Property for leasing its office space for 10 years, the biggest such transaction in Poland so far this year.

The expansion comes in the wake of Infosys planning to expand the workforce at its Lodz, Poland delivery centre by 500 people.

The Bangalore-based firm's arm Infosys BPO Poland signed the lease agreement with Skanska Property for over 21,000 square metres in Infosys Green Horizon office complex in Lodz city.

The agreement covers new lease terms for the area already occupied by Infosys beside an additional 3,800 square metres of office space.

Real estate advisory firm Cushman & Wakefield, which represented Infosys BPO, said the agreement is the largest deal in the Lodz's office market so far and the biggest lease transaction in Poland in 2014.

The new lease agreement extends the lease period to 2024. Infosys did not comment.

"The possibility of expanding within one location is one of the key aspects for companies from the business services sector while choosing their new office. This was the case with Infosys BPO Poland, who is planning to increase the number of employees by a further 500," Cushman & Wakefield said.

The Lodz delivery centre was established after Infosys BPO took over Philips Shared Service Centre (SSC) in 2007. It is the largest Infosys location outside India, offering BPO and ITO services across 48 geographies in 24 languages.