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Office

Cole Waterhouse acquires former Hilti HQ in Trafford

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 plot, which currently includes a 31,000 sq. ft. office building previously occupied by the manufacturer, is located within the 215-acre Traffo...
Wednesday, 24. April 2024

The 2024 Real Estate Oscar goes to ... Lisbon's K-Tower

The office complex K-Tower in Portugal's capital Lisbon was the big winner at the real estate Oscar award ceremony in the Portuguese city of Sintra on 18 April 2024 with first place in the two categories „Office“ and „Excellence in Efficiency & Sustainability“. The recently acquired K-Tower represents Real I.S.'s first acquis...
Tuesday, 23. April 2024

Office occupancy in Madrid almost back to pre-pandemic levels

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...
Tuesday, 23. April 2024

City market sees record office leasing activity in 2023

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.
Monday, 22. April 2024

Le Masurier sells „Henri“ in Erlangen for €12+million

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.
Monday, 22. April 2024

Imaxxam acquires West Side Spark in Bonn

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.
Monday, 22. April 2024

Broadgate secures landmark pre-let at 2 Finsbury Avenue

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-...
Friday, 19. April 2024

UBM lays foundation stone for LeopoldQuartier Office Vienna

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.
Friday, 19. April 2024

Sony signs 9-year office and lab lease in Brussels

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.
Friday, 19. April 2024

Obayashi and Sellar begin consultation on 60 Gracechurch Street revamp

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.
Thursday, 18. April 2024