Arcona Property Fund N.V. further improves occupancy rate.
10 April 2019
Arcona Property Fund N.V., the exchange-listed fund that invests in commercial real estate in Central Europe, has extended two existing leases and concluded three new leases in its Polish portfolio. This improves the Fund´s occupancy rate to 87.9%.
Discounter PEPCO has extended the lease contracts for the properties in Gdańsk and Piotrków by five years to March 2024 and June 2024 respectively. The contracts have a further five-year extension option. The total number of square metres for both locations expanded by 270 m² to 878 m².
For the properties in Grudziadz and Łódź, Arcona Property Fund has signed leases with the candy store Cukiernia Sowa (109 m²) and the restaurant King Kong (106 m²). Both contracts have a duration of five years.
For the office building in Szczecin, Arcona Property Fund has signed a new lease for 190 m² for three years with the renowned Polish brewer Kompania Piwowarska.
After concluding these new agreements, the occupancy rate of Arcona Property Fund is 87.9%, compared to 86.9% at the end of 2018.
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Arcona Property Fund N.V. further improves occupancy rate. 10 April 2019 |
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