EURO PROPERTY Regional markets as well as capital cities are
attracting tenants too. US virtual reality firm EON Reality revealed in December that it would open a research base and computing coding college in Manchester. EON says it has chosen Manchester over
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competition from a host of other European cities. This month it is moving to One Central Park, in Newton Heath, which is set to form part of the extension to The Sharp Project digital business hub. As well as becoming EON’s European research
and development HQ, One Central Park will become an Entrepreneurial Coding School, aiming to equip 500 students over the next five years with the skills needed for a creative career.
Dan Lejerskar, co-founder and chairman of
EON, says: “Manchester is the home of the UK’s Internet Exchange and the North West has the second-largest creative cluster, not only in the UK but in the whole of Europe. No other city in Europe has invested as much in its digital media and content operations.” Tim Newns, chief executive of inward
investment agency at MIDAS, which helped attract EON to the city, says: “Manchester is a very attractive home for the digital sector and
“Research shows how this key occupier group identifies with emerging locations”
we are receiving unprecedented interest from digital and tech companies right now.” Meanwhile, Davis names Dublin and Berlin as
other emerging hotspots. Google is the latest to jump on board Berlin’s new tech hub The Factory. The yet-to-be-completed Factory is a 12,000 development, on Rheinsberger Strasse in
m2
central Berlin, that aims to bring established companies and new startups together in a “work-play environment”. It is 90% let and confirmed tenants include
Berlin-based businesses SoundCloud, 6Wunderkinder, Versus IO, Toast and Mozilla. The Factory is backed by JMES Investments, an investor in several Berlin start-ups, in partnership with s+p Real Estate. Property veterans such as Sir Stuart Lipton
in the UK are also switching on to the TMT sector. Lipton is to leave Chelsfield Partners after several decades to set up development company Lipton Rogers with the brother of architect Lord Rogers. The new firm formed with Peter Rogers will
undertake a round of fundraising this year to bring in shareholders. It wants to become involved in large-scale development projects in London. Lipton says: “Growth is tough at the moment,
In the TMT sector, consumers don’t want plain glass boxes for offices
and I am a great believer in listening to the market. The action is in places where traditionally we have not had to look, such as the technology, media and telecoms sector, where consumers don’t want plain glass boxes for offices.” “It is in the tough times like this that the property market gets innovative,” says Lipton.
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