– In Nordspace, we again define the concept of business parks to meet the needs of small and medium -sized enterprises and startups – explains Mindaugas Butnorm, one of the founders of the NordSpace fund. – The current industrial spaces often lack flexibility and modern amenities that today's dynamic companies require. Our parks are designed so that they are modular, energy -saving and digitally managed, enabling tenants to control access, media and services through a unified mobile platform – emphasizes.
The key element that distinguishes NordSpace is the level of technological advancement and automation. – What distinguishes us is our commitment to automation and scalability. For example, our tenants can remotely manage supplies – couriers can be granted access via the application, and deliveries can be monitored using integrated camera systems. This level of automation reduces the need for staff on siteenabling companies to have a more efficient and profitable activity – emphasizes Butorius.
Who are micro business parks for?
The offer is addressed primarily to the SME sector, startups, e-commerce companies and service providers. Parks offer areas from 40 to 122 sq m, which is an ideal proposition for companies that grow from home offices or garages. – Many of our tenants are startups that go from home activities to the right spaces. They need multifunctional units that can serve as workshops, warehouses and offices – without incurring high fixed costs – explains Butorius.
– I chose Nordspace because of their approach to small companies and Convenient management of premises using an intelligent application – says Mr. Tomasz, owner of a photo studio and one of the tenants. Mr. Michał, the owner of the car service, however, believes that such a mini park is not for him: – The work space itself and the office great, but in the case of my business, I would not have anywhere to accommodate all these carswhich are waiting in line for repair. This is probably something more for car detailing – he says.
What do tenants expect?
Albert Lis, Country Manager Nordspace in Poland, indicates the company's location strategy: – We try to locate our business parks on the main streets with good visibility and convenient access. Our tenants and their clients appreciate this very much. We are usually located on the main thoroughfares of cities or next to a large housing estate – he says.
Nordspace – Business Park
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Nordspace / Nordspace
– The main expectations of our tenants are flexible surfaces, the possibility of development, the possibility of starting from 40 sq m – explains Lis.
According to the Country Manager, Polish tenants often look for: good location, compact modules connecting the warehouse and office part, high technical standards, 24/7 access and solutions supporting their activities (monitoring, security, automation, management through application).
Interestingly, as Lis notes, there are differences between customer expectations in Poland and on the Baltic markets: – Polish businesses decide on larger spaces than it is in the Baltic countries – says.
NordSpace business parks are distinguished by advanced technological solutions. Each place is equipped with a control system that allows remote management of space by a mobile application. Tenants can remotely control lighting, alarm system, open gates and doors, monitor the temperature, and also Live camera preview 24/7.
Business model and expansion plans
Nordspace generates revenues mainly by renting modular, multi -functional units, but the company has a wider vision. – We have developed an integrated service ecosystem, which includes intelligent automation tools, energy and access control systems and digital object management. These functions not only create an additional value for our tenants, but also unlock for us new, repetitive sources of income – emphasizes Butorius.
The company also develops a franchise and partner model. – Along with our development, we evolve towards a model in which we do not have many assets, which allows us to develop faster. One of the key elements of this strategy is our franchise and partnership model, which allows NordSpace to cooperate with land owners, developers and investors in various regions – explains the founder.
Currently, Nordspace has 10 functioning parks in Lithuania and Latvia, and in Poland it has two buildings under construction and plans to open another five in the near future. In a long-term perspective, the company intends to launch 10-20 business parks in Poland.
The market with great potential
Nordspace emphasizes that he does not compete with large players of the commercial real estate market. – We do not compete with players who support large logistics. We operate in a completely different segment. Our tenants are more often service companies than de facto logistic and warehouse. Our surfaces are in the range of 40-120 sq m with the possibility of modular enlargement or reduction, where for previously mentioned entities the smallest area starts from 1000 sq m-explains Albert Lis.
Mindaugas Butnorm sees the long-term role of Nordspace as a catalyst for changes in the way small companies operate:-We imagine Nordspace as a catalyst for the transformation of the SME sector in Central and Eastern Europe. By ensuring available, automated and scalable business spaces, we enable small companies to operate more effective and live on a larger scale – he explains.
