Press releases

Arcona Property Fund N.V. and AT&T expand their co-operation in Kosice

25 January 2018

Arcona Property Fund N.V. has reached agreement with AT&T Enterprises on the expansion of the existing lease for office space in the Letna 45 building in Košice, Slovakia. AT&T will rent an additional 495 m2 from 1 February 2018, bringing the total to 5,892 m2. The expansion of the lease contract will provide the Fund with approximately EUR 47,000 additional rental income on an annual basis.

AT&T is the main occupier of the Letna 45 property and one of the largest office tenants in the Fund´s portfolio. The management of Arcona Property Fund is pleased that AT&T has now decided to use the building more intensively in the coming years.

The contract extension agreement will run until 1 February 2021, with extension options until 30 April 2029. 

Arcona Property Fund N.V. and AT&T expand their co-operation in Kosice
25 January 2018
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The dividend policy for Arcona Property Fund is to pay at least 35% of the annual direct result as a dividend. The target is, within a three to five year time frame from end 2016, to increase annual dividend payments to a level of 8% of the prevailing share price.

Arcona Property Fund counts the following substantial companies amongst its tenants: