Commercial property information group CoStar has joined the ranks of companies that have chosen to expand within The Shard.
It adds to a growing list of office occupiers that have opted to take more space, having seen their businesses grow within Western Europe’s tallest building. Others include: Foresight, Duff & Phelps, Jellyfish, MATCHESFASHION.COM and Warwick Business School.
CoStar moved its European headquarters to Level 26 of The Shard in 2017. It will now increase its presence from 15,912 sq ft to 23,064 sq ft, with the opening of additional office space on Level 13. The move follows significant expansion within its business, including the recent acquisition of commercial property marketplace Realla.
The Shard has benefited CoStar, both as a central London meeting place and through its transport links to London airports and therefore the company’s offices in Germany, France and Spain, according to Co-Star, Managing Director - Europe, Matthew Green.
“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’s decision to expand within The Shard is yet more confirmation that the building is delivering a positive business impact for its occupiers and the surrounding area, says Michael Baker, CEO of Real Estate Management (UK) Limited. The London Bridge area has undergone significant change over the last fifteen years which has increased the attractiveness of the area for many companies.
“The ‘Shard Effect’ is a powerful one that has no doubt contributed to the growth of several of our occupiers. We are delighted that CoStar is amongst them and has decided to expand its office space within the building.”