US property information group expands at The Shard

The UK arm of American commercial property information group CoStar is expanding its footprint at The Shard.

The company has signed a deal with Real Estate Management (UK) Limited for a further 7,152 sq ft of office space at the iconic Southwark skyscraper.

CoStar consolidated and moved its European HQ to Level 26 (located at 15,912 sq ft) of The Shard in 2017 to accommodate its expansion plans.

The firm now take part of Level 13 on a lease until 2025.

CoStar’s managing director for Europe, Matthew Green, 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.”

He added: “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 UK Limited is the sixth occupier to secure additional space at The Shard after moving into the tower building, following deals with private equity house Foresight, advisory firm Duff & Phelps, digital agency Jellyfish and others.

Real Estate Management (UK) Limited chief exec Michael Baker commented: “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.”

He continued: “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.”

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.