Lerche brings20 years of experience in the real estate sector, leading value-added asset management for a range of private equity and international institutional investors, and working closely with stakeholders to steer and reposition portfolios. Castleforge Partners' Clockwise at Edward Pavilion in Liverpool was awarded the Mixology North Award for Commercial Interiors Project of the Year over 30,000sq.ft. The London-based private equity real estate investment firm said it has bought Yorkshire House in Leeds, Linley House in Manchester, Broadwalk House in Exeter, and Mountbatten House in Southampton. You consent to our cookies if you continue to use this website. Based in Germany, Lerche joins Castleforge fromCapitaLand International where he was Director of Portfolio Management. Whether youre flying solo, starting up, growing steadily, scaling rapidly or spinning out something new. Rents have remained relatively stable in relation to wages in recent years. How Will The Line Change The Future Of Work? We invest in real estate located in and around select UK and European cities. Real estate fund managers target net zero, New Forests seeks to raise A$600m for Australia and New Zealand fund, Japanese firms Mitsui, Nomura to buy global forestry manager New Forests, NYSCRF adds $425m to emerging manager programme, Alaska Permanent Fund to invest up to $360m in US multifamily projects. Support new businesses to thrive and create positive socio-economic impact in our local communities. We began our journey into the serviced office market back in late 2012 with a paper that outlined the business plan for what five years later would eventually evolve into Clockwise. If you continue to use this site we will assume that you are happy with it. With recent political movements drawing greater attention to the potential impacts of human activity on climate change and governments coming together to discuss ways to reduce and mitigate these impacts, it is no surprise that ESG issues are at the forefront of the minds of stakeholders in the property industry. Through our flexible workspace provider Clockwise, we are very well positioned to offer this type of bespoke service to our members.. River House Belfast - Contact us 100% FREE. The occupational cost of this would have been ~45,000 versus ~55,000 per year in Clockwise, a 20% saving for the tenant, while the initial rent free provided by us would have covered their fit out cost, keeping the overall capital cost the same over the three years in a demonstrably "better" building in a core CBD location. This year we opened our first building in London, Wood Green with a second planned in Bromley. This first iteration of our Positive Impact Strategy details our pledge for the future and as our business grows, so will our approach. VALUE 3m. First German acquisition for London property investor ahead of Moving forward, for many companies flexibility is going to be key when it comes to office space leases. Hawkins\Brown. It is therefore often helpful to draw parallels to previous market cycles as a way to help us understand what may be happening now. Brandon Hollihan, Founding Partner of Castleforge Partners said: We are thrilled to welcome Christian during this exciting period of growth for Castleforge. We use cookies to ensure that we give you the best experience on our website. The investor is . Coworking Explained: What Is It And Why Should You Start? The off-market transaction was arranged by Eastdill Secured. Distressed Opportunities in European Real Estate, The Winning Bookends of the Office Market, Even Bits Need a Place to Work: the Rise of the Data Centre, Why Youd Want to Live Here: Spatial Equilibria from the Industrial Revolution to the Information Age, A Tale of Two Classes: Prime Office Supply in London and Paris, Gateway Cities and the Death of Information Monopolies. At the heart of Southampton's Business District, this prominent office building boasts occupiers such as Savills, Mott MacDonald, Norweigen Cruise Line Group, Benefex, Hays, Clockwise, Rubix Business System, VOA, Health Care Resourcing Group and Ocean Network Express. You can unsubscribe or manage your preferences at any time. Castleforge Partners' flexible workspace provider Clockwise will operate part of the building which is 67% occupied. By owning the properties outright, Castleforge can offer Clockwise members more flexibility and shorter-term contracts without facing pressure from external landlords. Well start by laying out that narrative, since it is crucial to understanding the rise, Our 2021 white paper takes up a very basic question:why do people live where they do? Our vision is for a future in which every work environment and experience has a positive impact for people, places and the planet. A couple weeks ago,, As we have discussed in previous letters, over the past 20 years the UK property industry has seen a substantial rise in construction costs, which has lead to a large and sustained increase in the replacement cost of buildings. Under Castleforge's coworking brand Clockwise, office tenants will be able to rent a private office or dedicated desk, or sign up to a club membership. It has now begun acquiring new premises,. Filing history for CLOCKWISE RIVER LIMITED (NI654331) People for CLOCKWISE RIVER LIMITED (NI654331) Charges for CLOCKWISE RIVER LIMITED (NI654331) More for CLOCKWISE RIVER LIMITED (NI654331) Registered office address 48 - 60 High Street, Belfast, United Kingdom, BT1 2BE . Reading Time: 2 minutes Across Europe and the US, real , Reading Time: < 1 minute The London-focused office REIT Great , Reading Time: 2 minutes In this paper, we lay out , Reading Time: 3 minutes The internet has already changed the , Reading Time: 4 minutes As weve discussed before, the office . Five for five: Conran and Partners We speak to the design and architecture studio's longstanding principals and new owners, following a recently-completed buy-out. The clock reset to 20 seconds and Scherzer was already in the stretch. ft. of CAT A space which included circa 22,000 sq. Belfast, 100,000 sq. Since its inception in 2010, Castleforge has invested approximately 1 billion, gaining a strong reputation for value-add investment in office and residential real estate across the UK and Europe. 685 1784 92. We invest in real estate located in and around select UK and European cities. Distressed Opportunities in European Real Estate, The Winning Bookends of the Office Market, Even Bits Need a Place to Work: the Rise of the Data Centre, Why Youd Want to Live Here: Spatial Equilibria from the Industrial Revolution to the Information Age, U.K. Planning System Pitfalls and Opportunities. PHONE. Linesight extends partnership with Castleforge to deliver more UK While we monitor performance on the operational assets, we are entering design stages for our fourth and fifth locations in Bristol and London, adjusting our deployment of Clockwise accordingly. The real estate investor has bought the 68,000 sq ft office building, located on Dickinson Street in Manchester, from German fund manager Patrizia for an undisclosed sum. A completely new M&E system was designed and the installation had to compliment the old building but provide modern energy efficiencies and meet current standards. These tenants are not equipped to become temporary real estate experts by finding and negotiating with a contractor and architect to fit out their office space. We provide flexible workspaces with all the functionality, simplicity and service, community and connectivity you need to make it happen. High end fit-out of 6 floors including reception. We are thrilled to be contributing to these vibrant professional communities in every corner of the country. WATCH: Max Scherzer Uses Pitch Clock to Mess With Hitter YORKSHIRE HOUSE | Quartz Project Services | Project Management and Cost Iris Zhao-Fiorello - Head of Capital Formation and - LinkedIn To achieve this vision, we have created a framework to guide our actions. Castleforge Partners Ltd. Castleforge Partners Limited operates as a real estate investment firm. And it worked. Virna Asara Editor Profile Events Within 15 months of opening in May 2017, we were over 90% occupied on the private office space and over three times subscribed on the club membership which provides hot desking in the common lounge area. Clockwise Commercial Quay is their 4th development under this brand and the Client was keen to push the design to new and higher standards whilst maintaining a viable budget. Following the success of our flexible workspace provider Clockwise in locations across the UK, we are now looking forward to refurbishing the building and saying Willkommen to our first Clockwise members in Bremen., Castleforge Partners was advised on the acquisition by IC Immobilien Gruppe. Please enter your username or email address to reset your password. Castleforge Partners, based in London, has acquired an office building in the town of Bremen, which it says is an "ideal" location for its first German acquisition. We are not alone in discovering that, given the choice, tenants typically prefer more flexibility around office size and more convenience of having a pre-fitted office space. The heritage project will now serve as Castleforge's official headquarters, with additional space for its flexible workspace provider, Clockwise, making room for over 60 employees. Clients: Castleforge Partners, Clockwise. London-based property investment firm Castleforge has announced the acquisition of five multi-let office buildings on the historic Koninginnegracht in The Hague as part of its first expansion into the Netherlands property market. To receive priority invites and tips on how to communicate purpose please add your email. Fun Promises Wont Get Your Employees Back To The Office, 5 Brain-Boosting Snacks To Power Your Work Day. With 20 years of experience in the German real estate market, Christians knowledge of the sector will become invaluable to us as we continue to evolve and manage our commercial portfolio across Europe., Commenting on his new role, Christian Lerche added: Castleforges deep understanding of the commercial real estate market makes it uniquely placed for further expansion across Europe and specifically Germany. Undertake carbon footprint analysis of our business operations, Take action to become a certified carbon neutral business in 2022, Buildings designed to be net zero operational carbon by 2025, Work towards being a carbon positive business by 2030, Continue to refurbish and add value to run-down buildings, Measure and report on our waste generation and recycling, Design spaces that are adaptable and use sustainable materials, Seek to maximise reuse and recycling of any waste, Significantly reduce the use of single-use plastics, Trial the WELL Building Standard on one of our new offices, Provide bike storage, showers and lockers, Provide healthy and sustainably sourced catering, Provide access to health and wellbeing support services for colleagues and members, Investigate options to support businesses in their infancy, Seek to procure products and services from local, independent and sustainable businesses, Employ a diverse workforce and provide employment opportunities, Support our colleagues to volunteer their time on meaningful initiatives. Our team has a proven track record of investing throughout the capital structure and across asset classes, adding value with operational expertise. Our views about that transformation are structured around a broader narrative about the evolution of information and communications (ICT) technologies. This sounds like a superior deal, but they still chose to take Clockwise at Savoy at the full rack rate, citing two reasons: first, their lack of desire to pay upfront the 50,000 or more for a security deposit and fit out cost and second, avoiding the need to find someone internally who would take the time to work with an architect and contractor to design and fit out the office as nicely as we had done for one of the 15-desk units at Clockwise. A future in which every work environment and experience has a positive impact for people, places and the planet is a key part of the Clockwise vision. Despite Everything, Flex Operators Spot Manchester Opportunity - Bisnow Lerche brings 20 years of experience in the real estate sector, leading value-added asset management for a range of private equity and international []