Israeli skyscraper wins top honours at 2021 CTBUH awards
CHICAGO, February 25, 2021 An Israeli office development project, ToHA Tower 1, located in capital Tel Aviv, has won big at The Council on Tall Buildings and Urban Habitat (CTBUH) 2021 Awards in the Interior Design category. Located in the Israeli city s Nahalat Yitsak neighbourhood, the ToHA tower complex features three office skyscrapers. ToHA 1 is the first development on the site and a second 75-storey tower is also underway. The two buildings will be connected via an elevated walkway, and the taller will also be elevated on a slim support to maximise the open space on the ground floor.
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Office landlords defy market conditions with new lease deals
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Leading office landlords are defying the pandemic-hit market with a swathe of new lease deals in the premium-grade echelon, albeit with higher incentive packages to entice tenants to get workers to return to the city-based properties.
AMP Capital, Dexus and Investa have all inked new deals in the past few months, with directors saying demand for premium-grade towers is buoyant.
AMP Capital s Quay Quarter Tower at Sydney s Circular Quay.
Leasing agents have said incentives in rent contracts stand at an average of 22-30 per cent across city-based assets.
Offices are the top choice for Asia-Pacific property investors in 2021, survey finds CNBC 1/21/2021 Abigail Ng
Real estate investors in Asia Pacific are most likely to put money into offices in 2021, with 31% of respondents choosing the sector over other market segments in a recent survey.
That s despite huge changes to workplaces following the coronavirus pandemic, such as work-from-home arrangements becoming the norm last year.
There is growing confidence that offices are still very relevant, though some believe that Covid-19 and remote working could bring about the death of offices, said Terence Tang of Colliers International.
Asia-Pacific s Tier 1 city offices remain asset of choice among investors: Colliers International