INVESTMENTS NEWS

CUSHMAN & WAKEFIELD ANNOUNCES CREATION OF RECOVERY READINESS TASK FORCE TO PREPARE BUSINESSES FOR POST-COVID-19 RECOVERY

Today, we are announcing the formation of the Recovery Readiness Task Force (RRTF) to lead the development of best practices, products and partnerships to prepare clients for post-COVID-19 recovery. The virus will dictate when we can all eventually safely return to places of work and commerce, but the time to prepare is now, and our firm is well positioned to lead the way. Soon, the RRTF will be releasing a toolkit with step-by-step protocols for tenants and landlords to use as they begin planning the transition back to the workplace. This effort will build on best practices from Cushman & Wakefield’s experience in China, where we are already moving 10,000 companies and nearly a million workers back into more than 1,000 buildings through our joint venture with Vanke Service. Led by Cushman & Wakefield Global President John Forrester and comprised of experts from around the globe, the task force will include: • Bruce Mosler, Chairman, Global Broke - rage, will lead the development of strategic public and private sector partnerships to align operating practices with public policy. • Despina Katsikakis, Head of Occupier

Business Performance, will provide thought leadership on the future of work, while driving workplace strategies from the firm’s Experience Per SFTM tool that contains more than 2.7 million data points on the experience of remote workers pre-COVID-19. • Edward Law, Head of Operations,

Vanke Service Cushman & Wakefield, will provide recovery best practices from China’s largest property and facilities management provider with more than 20,000 employees and 800 MSF under management. • Paul Bedborough, Chief Executive,

C&W Services, will focus on COVID-19 related commercial maintenance and cleaning best practices from the firm’s 14,000-employee, self-performed facilities services business.

• Jeroen Lokerse, Head of Netherlands, will deliver build-out innovation from C&W Design & Build, the firm’s team of leading office architects and designers. • Adam Stanley, Chief Digital Officer and

Chief Information Officer, will focus on data-driven best practices, along with the firm’s broad base of innovation partners for technology and virtual business operations. • Jason Tolliver, Head of New Commerce

Research, will bring a unique perspective of retail and industrial real estate research to provide thought leadership to both landlords and tenants in the rapidly evolving retail and e-commerce sectors. • Kevin Thorpe, Chief Economist, will continue to produce thought leadership on COVID-19 impacts to the global and U.S. economy, capital markets, finance, leasing fundamentals, property and project management and factors that affect supply-demand.

In addition, the RRTF will be focused on developing new products and solutions to help commercial landlords and tenants manage social distancing, including the exciting new design concept “Six Feet Office.” This design concept consists of elements that include a visually displayed unique foot traffic routing for each office to ensure employees maintain the recommended six feet apart for social distancing. Additional features include tangible products like clear shields between workstations and a set of simple and workable agreements and rules of conduct that place employee health and safety at the forefront of office culture. For more information, visit www.sixfeetoffice.com.

PRO PROGRESSIO CHOOSES CITYSPACE BEETHOVENA

Pro Progressio, an business organization supporting entrepreneurship and shared services sector (BPO / SSC) in Poland, has moved to CitySpace Beethovena office at Moje Miejsce, mix-used project by Echo Investment. The new headquarters of Pro Progressio has been operating since April 1. – In December 2019, we started the eighth year of Pro Progressio's business activities, it is also the ninth publishing year of “Outsourcing&More” Magazine and the tenth year of running Outsourcing Portal. Over the past decade, a lot has changed, both in our work and in the entire industry of modern business services –said Wiktor Doktór, President of Pro Pro - gressio. – We enter the next decade with a new office. Analysing our own needs and what developers of office buildings and serviced offices have in their offer, we have found that our space in the city will be in Beethoven's CitySpace. From April 2020, it is here that on daily basis Pro Progressio will analyse the sector of modern busi ness services, monitor the market and support the development and communication of members of the Pro Progressio Club. Serviced offices are the answer to the office needs of many organizations, smaller, medium and large ones. Flexible space, the ability to use conference rooms, telephone booths, a kitchenette are just a few of the many options that we have now. We would like to thank CitySpace for welcoming us in their spaces, espe cially since they allowed us to stay in our beloved Warsaw Mokotów district – Wiktor Doktór added. Pro Progressio deals with the development of entrepreneurship in Poland, with particular emphasis on the business services that includes Business Process Outsourcing (BPO), Shared Service Centers (SSC), Research and Development Centers (R&D), Call and Contact Center. CitySpace remains one of the members of this organosation. – As a flexible office space operator, we always support the development of dynamic companies and organizations, and Pro Progressio is definitely one of them – says Jarosław Bator, managing director at CitySpace. – More and more companies decide for the formula ‘space as a service’, which means leasing the office space with all necessary amenities. This give them flexibility, opportunity to focus on their core business, as well as reduce the volume of administrative work – he adds. CitySpace is a Polish operator of flexible serviced offices. Currently, the operator rents workstations in ten locations in five Polish cities - Warsaw, Wrocław, Gdańsk, Katowice and Kraków. In all offices, CitySpace ensures the best air parameters, perfect silencing and lighting of rooms, advanced IT systems, the safest servers and full service, while ensuring tenants' comfort and finishing quality. Last year, CitySpace increased its managed area by 70% and launched over 800 additional workplaces. In 2020, the company plans to launch or expand another offices, including in Łódź and Wrocław.