Site Selection

JUL 2015

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16 J U LY 2 015 S I T E S E L E C T I O N W O R L D R E P O R T S b y P A T T Y R A S M U S S E N p a t t y . r a s m u s s e n @ s i t e s e l e c t i o n . c o m Where Companies Pay Top Dollar for Offce Space A t $267 per square foot, London's West End remains the undisputed champ of expensive ofce space according to CBRE Research's semi-annual Global Prime Ofce Occupancy Costs survey (chart below). According to the survey, the rise in prime ofce occupancy costs refects the recovering global economy. "Global price ofce occupancy costs rose 2.0 percent year over year, with the Americas up 2.9 percent, Europe/Middle East & Africa (EMEA) rising 1.5 percent and Asia Pacifc up 1.4 percent," read the report. Dublin, Ireland, saw the biggest increase, 26.1 percent, with Belfast not far behind at 13.3 percent. TOP 10 MOST EXPENSIVE MARKETS (IN US DOLLARS, PER SQUARE FOOT, PER ANNUM) 1 London-Central (West End), UK $267.14 2 Hong Kong (Central), Hong Kong 254.23 3 Beijing (Finance Street), China 195.82 4 Beijing (CBD), China 187.54 5 New Delhi (Connaught Place CBD), India 156.96 6 Hong Kong (West Kowloon), Hong Kong 150.26 7 Tokyo (Marunouchi Otemachi), Japan 142.78 8 London-Central (City), UK 142.72 9 Moscow, Russian Federation 128.10 10 New York (Midtown Manhattan), USA 127.00 Sustainable Fun T he LEGO Group is investing $150 million to research sustainable raw materials to make LEGO elements and packing materials. The LEGO Sustainable Materials Center will be established within the next year and located at the LEGO Group's headquarters in Billund, Denmark. The company expects to add an additional 100 researchers for the project. Photo courtesy of The LEGO Group A Crystal Clear Choice W est Pharmaceutical Services broke ground on a 95,000-sq.-ft. (8,800-sq.-m.) pharmaceutical component manufacturing facility, located on a 44-acre (17.8-ha.) site in Waterford, Ireland. The plant will produce packaging components for insulin injector cartridges and other high-value packaging components for injectable drugs. "We are very fortunate to have found an ideal location in Waterford, Ireland, with a highly skilled life sciences workforce and local government ofcials and agencies who are true partners," said West's CEO Eric Green. The expansion will create 150 jobs and is expected to be operational by 2018.

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