Real Estate Management (UK) Limited (“REM”) has announced that CoStar UK Limited (“CoStar”), the market leading provider of commercial property information, is expanding its presence at The Shard by 7,152 sq ft.
CoStar consolidated and moved its European headquarters to Level 26 (15,912 sq ft) in 2017 to allow for significant expansion. It will now take part of Level 13 to accommodate further growth on a lease until 2025 to align with its current agreement.
CoStar is the sixth occupier to take more space following its relocation to The Shard. The building has supported the UK growth of Foresight, Duff & Phelps, Jellyfish, MATCHESFASHION.COM and Warwick Business School.
Michael Baker, Chief Executive of Real Estate Management (UK) Limited, said: “We are delighted that CoStar is expanding its office space within the building. The ‘Shard Effect’ is a powerful one that has no doubt contributed to the growth of several of our occupiers. The London Bridge area has undergone significant change over the last fifteen years and we are proud to have played an instrumental role in that transformation which has increased the attractiveness of the area for many companies.”
Matthew Green, Managing Director, Europe of CoStar said: “We are very pleased to expand our European headquarters within The Shard. The necessity to do so reflects our continued growth both organically and by acquisition, the latter most recently through our purchase of the Realla business in October. We very much look forward to continuing to meet with our clients in this iconic building and to helping the UK commercial property industry through our technology, marketing and data solutions.”
CoStar will thrive from The Shard’s connectivity and become a central meeting point for CoStar’s customers across London as well as excellent transport links through London Bridge Station to London airports and therefore the company’s offices in Germany, Spain, Glasgow, Manchester and France.
