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IREIT Global: Inks Another Major Hospitality Lease At Berlin Campus, Riding On Its Strong Leasing Momentum.

20 Dec 2024 09:28

Long lease duration of 20 years with no break option, step-up rents in the first three years, and annual CPI indexation starting from the fourth year. Commitment for total gross floor area of approximately 20,948 sqm, 24% of net lettable space, at Berlin Campus now secured in advance of its strategic repositioning. Positive leasing activity also experienced across IREIT's portfolio assets, where new leases were recently secured at the German and Spanish properties...

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Source: ShareInvestor Express