ORCO Germany S.A.

  • WKN: A0JL4D
  • ISIN: LU0251710041
  • Land: R.C.S. Luxemburg

Nachricht vom 16.10.2012 | 10:15

ORCO Property Group leases over 90,500 sqm of commercial assets in the first three quarters of 2012


ORCO Germany S.A. / Key word(s): Miscellaneous

16.10.2012 / 10:15


ORCO Property Group leases over 90,500 sqm of commercial assets in the first three quarters of 2012

Paris, October 16, 2012

Orco Property Group (OPG) successfully leased more than 90,500 square meters of commercial assets during the first nine months of 2012.

In the Central European region where OPG operates in the real estate markets of the Czech Republic, Poland, Hungary and Slovakia, OPG leased almost 10,500 square meters in new contracts and expanded or prolonged contracts for 25,000 square meters. One of the most important contracts extended was with a world-leading mobile operator for a surface of 8,500 square meters in Budapest.

Another significant extended contract was signed with an important financial institution at Arena Corner in Budapest, its 1,500 square meters of office space was also awarded with a LEED Platinum certificate. Arena Corner is the very first office to receive a LEED certification within the Central and Eastern European market. 'OPG believes that LEED certifications will be a major influencing factor for the future renting of new premises as lower energy costs and overall environment friendly attributes attract tenants while increasing asset value,' commented Cédric Gabilla, Deputy Head of Asset Management, Orco Property Group, while attending EXPO REAL 2012 in Munich.

In Germany OPG reached almost 55,000 square meters in new leasing contracts in the first nine months of 2012. This represents a 20% increase in year on year comparison. OPG credits this success to the new local management team's involvement as well as the increased demand caused by the growing Berlin economy.

Orco Property Group manages 1.28 million square meters of commercial assets with a total gross value of EUR 1.4 billion, thus positioning itself as the market leader with over 0.8 million square meters of commercial leasable space in Berlin. Within the CEE region, OPG focuses on the three key capitals - Prague, Warsaw and Budapest with clients including renowned financial institutions, local and global telecommunication operators, publishing houses, cultural institutions and international oil and gas companies. Altogether, Orco manages a portfolio of over 2,500 tenants in all of its assets.

Contact person for media:
HAVAS PR
Pavlína Jandoušová - PR Manager
e-mail: pavlina.jandousova@havaspr.com
mobil: +420 724 639 003
www.orco-realestate.cz



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188891  16.10.2012

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