Press releases

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.

Arcona Property Fund N.V. further improves occupancy rate.
10 April 2019
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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: