Corem signs a lease contract with A24 Films in New York
Corem has, through its subsidiary Klövern, signed a lease contract with A24 Films for approximately 3,800 sq.m. of office space at 1245 Broadway in New York. The tenant, an American independent entertainment company active in motion pictures and television, will move in during the second half of 2022 and the lease term is 15 years.
1245 Broadway, a 23-story modern office building located at the corner of 31st Street and Broadway, is Corem’s largest ongoing project and is being developed in collaboration with GDS Development Management (GDSNY). The building will be LEED Gold certified and offer office spaces with the latest technology in air quality and touchless systems.
“We are very pleased to announce the lease contract with A24 Films for 4 floors in our largest ongoing project, 1245 Broadway. A24 Films is a reputable company in their industry, and we are very pleased that they have decided to place their new New York office in our building. We see that the rental market is recovering well in New York and we hope to communicate additional signed leases before the end of the year", says Jens Andersson, Corem's Head of Finance and US operations.
“This is a strategically important letting in our largest ongoing project that will have a positive effect on net letting in the fourth quarter”, says Corem’s CEO Eva Landén.
Corem AB (publ)
FOR FURTHER INFORMATION, PLEASE CONTACT
Eva Landén, CEO, Phone: +46 8 503 853 33, Email: eva.landen@corem.se
Jens Andersson, Head of Finance, +46 76 855 67 02, Email: jens.andersson@corem.se
Lars Norrby, IR, Phone: +46 76 777 38 00, Email: lars.norrby@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 AB (publ) is a real estate company that owns, manages and develops commercial properties with focus on urban and growth areas. Corem’s overall aim is to - in selected regions - be the leading real estate company within its segments, in combination with providing a high and stable return on equity for its shareholders. Corem's shares are listed on Nasdaq Stockholm, Large Cap.
