Corem signes five-year lease contract in New York

Corem has signed a lease contract with 1 RoundTable Partners for approximately 380 sq.m. of the project property 28&7 in New York. The tenant, a private equity firm, will move in during the second quarter of 2024 and the lease term is five years.

28&7, a 12-story modern office building located at the corner of 7th Avenue and 28th Street in the Chelsea District, Manhattan, is Corem’s second largest ongoing project and is being developed in collaboration with GDS Development Management (GDSNY). The building is LEED-Gold certified and offers office spaces with the latest technology in air quality and touchless systems. The façade is made up of elements in black glazed terracotta.

“We are very pleased to announce another lease at 28&7, this time with 1 RoundTable Partners. We see a continued trend by premium tenants to high-quality office buildings and consequently a continued strong demand for new premium office buildings in New York”, said Rutger Arnhult, Corem’s CEO.

The total annual contract value for all lease contracts Corem has signed so far in the United States amounts to approximately 13,5 million USD. With the signing of this lease, 31 percent of the lettable area in 28&7 is now leased.

Corem Property Group AB (publ)


FOR FURTHER INFORMATION, PLEASE CONTACT
Rutger Arnhult, CEO, +46 70 458 24 70, rutger.arnhult@corem.se
Eva Landén, Deputy CEO, +46 10 482 76 50, eva.landen@corem.se

Corem Property Group AB (publ)
Address: P.O. Box 56085, SE-102 17 Stockholm
Visitors: Riddargatan 13 C
Reg.no: 556463-9440
www.corem.se

This press release is in all respects a translation of the Swedish original press release. In the event of any discrepancies between this translation and the Swedish original, the latter shall prevail.

Corem Property Group is a real estate company that in a sustainable way owns, manages and develops commercial properties in urban and growth areas. Corem Property Group is listed on Nasdaq Stockholm, Large Cap.