Office

Europe's average office occupancy rate has risen from 55% to 59% over the last year, says Savills, with Madrid now standing at 68%, almost back to the European pre-pandemic average rate of circa. 70%. London West End and Paris CBD have the second and third highest rates, at 61% and 59%, respectively. Warsaw has seen the highe...

IWG anticipates record network growth in 2024, as businesses of all sizes embrace the benefits of hybrid working. The company now has approximately 4,000 locations in more than 120 countries.

Developer Cole Waterhouse has exchanged on the acquisition of the former Hilti headquarters in Trafford, with plans to bring forward a new mixed-use, residential-led development on the site.

The City of London recorded its joint highest number of office leasing deals in a calendar year in 2023 with 331 transactions over 5,000 sq ft, according to a comprehensive analysis of office relocation trends by Cushman & Wakefield. This equals the totals recorded in 2015 and 2018, the highest in the last decade.

Le Masurier sells its last asset in Germany: The British property company has sold the HENRI office and laboratory building in Erlangen to French SCPI, Transitions Europe, managed by Arkéa Real Estate Investment Management, for €12+million.

Imaxxam has acquired the newly constructed „West Side Spark“ office building in Bonn on behalf of the „Geno Rheinland Real Estate (GRRE)“ fund. The seller of the property, Swiss Life Asset Managers (SL AM Development Residential GmbH), developed the DGNB Gold-certified building on Václav-Havel-Platz.

Broadgate has signed an agreement with hedge fund firm Citadel and leading global market maker Citadel Securities to lease over 250,000 sq ft of workspace, with options to lease up to another 130,000 sq ft, at Broadgate’s new 750,000 sq ft development, 2 Finsbury Avenue (“2FA”). The deal means the building is already 33% pre-...

UBM Development laid the foundation stone for LeopoldQuartier in the presence of numerous political and business representatives. The first phase of construction will be the 22,000 m² LeopoldQuartier Office, a timber-hybrid building.

Altaal has signed a 9-year lease contract with SONY at its office and lab property, Omega Court in Brussels. The lease comprises lab space of approximately 1,250 sqm as well as an additional 1,230 sqm office space.

The new building in Garching - on the outskirts of Munich - is finished and the move has begun: Yesterday, the company celebrated the opening of its new Siemens Technology Centre, in which more than €100 million have been invested.

Delancey has submitted plans to transform a challenging brownfield site in Islington into a new ground up 200,000 sq. ft GIA science and technology building with world-class laboratory and research space.

Publity AG has sold its next office property: Frankfurt's Access Tower is changing hands. The parties have agreed not to disclose the buyer or the purchase price. The asset manager had acquired the office tower in 2019 .

Sellar, the investment and development company behind The Shard, and Japanese developer Obayashi Properties UK are planning a landmark office tower that would link the City cluster to the Walkie-Talkie on London‘s skyline. The two partners have launched a public consultation on the plans for 60 Gracechurch Street.

Palace Capital sold five investment properties in England for £15.3m during the first quarter.

The Frankfurt market for office space including Eschborn and Offenbach-Kaiserlei has made a somewhat stronger start to 2024 compared to 2023, with tenants and owner-occupiers generating take-up of 93,100 sqm in the period from January to March. According to NAI apollo the figure is 12.4 % higher compared to the previous year,...

Despite ongoing sluggish economic activity, the German office markets recorded 609,000 sqm in take-up in Q1 2024, almost matching previous-year results. As expected, however, take-up in Germany's 8 top cities of Berlin, Düsseldorf, Essen, Frankfurt, Hamburg, Cologne, Leipzig and Munich remained well below the 10-year average ...

NAS Invest has now officially confirmed the purchase of the Hamburg Stadtparkturm, which was made known in February. The office tower on Hindenburgstrasse, which was built in 2001, was previously part of the portfolio of French asset manager Amundi. According to NAS, the deal was closed at the end of last month. According to ...

Aroundtown has successfully concluded a long-term lease for a term of 10 years for the office building at Erkrather Strasse in Düsseldorf. The new tenant is Forum Multi-Kulti gGmbH, which works together with its umbrella organization Multikulturelles Forum e.V. to promote social participation, equal opportunities and cultural...