Corem signs lease contract in New York

Corem has signed a lease contract for approximately 605 sq.m. of office space at the project property 1245 Broadway in New York. The tenant, skincare company Peachy, will move in during the first quarter of 2024 and the lease term is 5 years.

1245 Broadway, a 23-story office building located at the corner of 31st Street and Broadway in Manhattan, is Corem’s largest ongoing project and is being developed in collaboration with GDS Development Management (GDSNY). 1245 Broadway was designed by Skidmore, Owings & Merrill and features architectural cast-in-place concrete, a private club, F&B catering to tenant floors, and panoramic views of Manhattan. 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 another signed lease at 1245 Broadway. This time with skincare company Peachy. We see a continued trend of premium tenants moving to high-quality office buildings and consequently a continued recovery in the market for premium office buildings in New York”, said Eva Landén, Corem’s CEO.

The total annual contract value for all lease contracts Corem has signed so far in the USA amounts to around 12 million USD.

Corem Property Group AB (publ)


FOR FURTHER INFORMATION, PLEASE CONTACT
Eva Landén, 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.