New tenant for YinYang building in Utrecht
ASR Property Fund and a new tenant, the Pharmaceutical Research Associates Group, have signed a lease for approximately 620 sq.m. on the first floor of the YinYang building at Euclideslaan 1 in Utrecht. The lease includes 19 parking spaces in the property’s car park.
YinYang was built in 1991 and was leased by EY until 2014 when it was thoroughly renovated. CBRE was commissioned by the ASR Property Fund to supervise the renovation and to make the necessary changes to allow for multi-tenant occupancy. The building's sustainability level has also improved to a class A label.
The tenant was advised by Cushman & Wakefield in this transaction. CBRE advised the landlord.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers from more than 450 offices (excluding affiliates) worldwide. CBRE offers strategic advice and guidance in property sales and leasing; corporate services; property, facilities and project management; appraisal and valuation; development services; investment management; and research and consulting. Please visit our websites at www.cbre.nl and www.cbre.com.