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Office

IINO Kaiun Kaisha acquires 111 Strand from ESAS

IINO Kaiun Kaisha purchased 111 Strand in London from ESAS Holdings. The building comprises 37,781 sq ft of Grade A office and retail accommodation, arranged over lower ground, ground and six upper floors. The building occupies a prominent corner site with a 100 ft frontage on to the Strand and benefits from close proximity t...
Thursday, 11. April 2024

CA Immo renews lease agreements in Dusseldorf

CA Immo has extended two lease agreements for a total of around 7,400 m² of office space in the Belmundo and LaVista office buildings in Duesseldorf. The tenants are Indeed Deutschland GmbH, a company in the personnel services sector, and the Dutch leasing and financing firm De Lage Landen Leasing GmbH. The buildings are almo...
Thursday, 11. April 2024

Eversheds Sutherland extends lease at One Wood Street

Eversheds Sutherland has agreed to regear its lease on 15,650 sq m. of offices at „One Wood Street“, London EC2. The new lease will see it remain in occupation long term. The global law firm has been a tenant of the property since 2007. „One Wood Street“ is managed through a specialized institutional real estate fund of the K...
Wednesday, 10. April 2024

Landsec gets planning permission for £250m City office block

The City of London Corporation has approved plans from Landsec to transform Hill House, EC4 into a sustainable workspace and new rooftop restaurant. The news follows planning approval being granted at the end of 2023 for the redevelopment of 55 Old Broad Street, EC2. Combined, the developments will deliver over 660,000 sq ft ...
Tuesday, 9. April 2024

ECE acquires office development in Copenhagen for conversion

ECE Work + Live is planning the development and realization of a new hotel in Copenhagen: The hotel property is to replace an office redevelopment project at the attractive Gammel Kongevej commercial street in the independent Frederiksberg district, which is located west of the city center and characterized by premium residen...
Tuesday, 9. April 2024

Montano acquires another building in Hamburg

Montano Real Estate has acquired another office and retail building for a German professional pension fund. The asset was acquired from Ofi Invest Real Estate, on behalf of a client.
Monday, 8. April 2024

Incity Immobilien AG misses forecast

InCity Immobilien AG did not achieve the earnings forecast adjusted in December 2023: According to the preliminary, unaudited figures, the project developer is recording a consolidated annual loss of around €6.0 million. A loss of €5.0 - 5.5 million was forecast.
Friday, 5. April 2024

Remote-working share takes toll on German office market

Around 5% of employees in Germany worked from home before the pandemic, a number that has now increased to roughly 25%. Hybrid working models have become the norm now that the pandemic is over, and companies have reduced the amount of time their employees can work from home.
Friday, 5. April 2024

Office leasing in Dublin hit its lowest quarterly levels since 2013

The latest research from JLL Ireland, tracking Dublin's office market in Q1 2024, shows that there have been low levels of leasing activity in the opening quarter, with 196,000 sq. ft across 31 deals. The volume of space is down 44% on the previous quarter and 63% below the five-year quarterly average. Additionally, the avera...
Friday, 5. April 2024

Publity sells office building near Kiel

Publity AG, as asset manager, has sold an office property in Büdelsdorf near Kiel. The three-storey office property has a total rental area of almost 4,500 square meters. The parties have agreed not to disclose the buyer or the sale price. The property is located in a central commercial location, adjacent to the city of Rends...
Thursday, 4. April 2024

22 Bishopsgate reaches 95% occupancy milestone

AXA IM Alts announces that 22 Bishopsgate, its flagship London office scheme, is now 95% let following the signing of two new leases, totalling c.35,495 sq ft, with global enterprise automation software company, UiPath, and a London-based service provider.
Thursday, 4. April 2024

Reef appoints Ardmore to deliver final phase of Tribeca

Reef Group has appointed Ardmore to deliver the final phase of Tribeca, London's largest purpose-built life science campus, in the King's Cross Knowledge Quarter. Tribeca is London's largest purpose-built life sciences campus, featuring high-quality workspace, state-of-the-art laboratories, homes, shops and restaurants, as we...
Wednesday, 3. April 2024

Recruitment specialist signs Luton office deal

A Bedfordshire-based specialist recruitment company has agreed a deal on new offices in Luton. The unnamed business is relocating to Mulberry House at Capability Green – one of the UK's premier business parks – after agreeing a 10-year lease on 7,619 sq ft of first floor office space. Kirkby Diamond agreed an off-market deal ...
Tuesday, 2. April 2024