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:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.