His experience will be instrumental as Castleforge looks to expand its reach across the German commercial market, with further purchases to be announced over the next 18 months. However, we learned that many of these tenants immensely value the convenience of serviced office space that is already fitted out. Over the last few quarters, borrowing costs have surged, and liquidity has started to evaporate. Castleforge Partners Ltd. Castleforge Partners Limited operates as a real estate investment firm. Read about how we use cookies and how you can control them by reading our Privacy Policy. Moreover, few have tens of thousands in cash lying around to easily pay the upfront costs to fit out an office, especially considering that this space may become obsolete faster than anticipated if the tenant undercooks their internal growth estimates. Coworking Explained: What Is It And Why Should You Start? M2 1DH, We use cookies to provide you with a great experience and to help our site run effectively. 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. From modest beginnings in Glasgow, we currently . We use cookies on the site to improve your experience. At our Liverpool asset we have also experienced blue chip tenants approaching us on a 5-10 year lease basis because the building also provides overflow space for them through Clockwise that can eventually be converted into an additional lease if required. 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, Gateway Cities and the Death of Information Monopolies. These new acquisitions signal continued confidence from Castleforges investors in secondary city growth, even amid COVID-19 uncertainty. Our Approach - Castleforge Brandon Hollihan - Chief Executive Officer - Eastgate Capital Serviced Offices & Meeting Rooms in Cardiff | Clockwise Castleforge Partners has invested . For those who want to drop in and drop out, this is their office for the day. About Clockwise. Mountbatten House, home to Clockwise Southampton, is a new, flexible co-working space designed to encourage members to interact, network and socialise. We are thrilled to be contributing to these vibrant professional communities in every corner of the country. ESG: Dont forget physical climate risk for real estate, On the right path? Read our policy. The firm has identified a clear investment opportunity in so-called 'secondary cities' across the country and will look to expand its reach across the German commercial market, with further purchases to be announced over the next 18 months.

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