ORCO-GSG: Nearly 273,000 sqm of Berlin commercial space leased since June 2007, highest occupancy rate ever

Since privatization of Gewerbesiedlungs-Gesellschaft (ORCO-GSG) in June 2007, nearly 273,000 square meters of office and commercial space in the commercial complexes and business parks of ORCO-GSG have been rented in the capital. As a result, the occupancy rate has increased by about 7% since summer 2007. With ca. 78% as at end of 2011 this is the highest occupancy rate ever.

Sebastian Blecke, COO of ORCO-GSG: 'Nearly four and a half years after the successful privatization of GSG, we can show a very successful trend. Both the occupancy rate as well as the average rent has never been better. As Berlin's largest commercial space provider we recognize our responsibility and will continue working further on the positive development of the inventory.'

Particularly pleasing is the development of the four modern business parks in East Berlin's Marzahn-Hellersdorf, Pankow and Lichtenberg districts with a volume of approximately 261,000 square meters of rentable space. In total, approximately 88,500 square meters have been leased since privatization. With a net take-up of about 33,300 sqm, these business parks make a successful contribution of nearly 60% to the total net take-up. The occupancy rate has been increased by 10% above average in comparison to other regions.

The North West region with commercial complexes in Mitte, Charlottenburg and Reinickendorf closed-out with a letting performance of about 85,250 sqm, a net take-up of about 15,500 square meters and an occupancy rate of almost 87%.

The traditional commercial complexes in Kreuzberg and Tempelhof-Schöneberg with their charming old industrial architecture continue to face strong demand. Here leases of just over 100,000 sqm have been finalized since the summer of 2007.

ORCO-GSG acts as a partner to businesses thus providing commercial space at attractive prices to small and medium sized companies from all kind of sectors. About 1,600 tenants profit from the good value for money: ORCO-GSG is amongst the cheapest options in service charge, additional services such as high-fibre optic network, fitting-out support, conference facilities that all go well beyond the classical concept of tenant support complement the quality of the buildings, services and management.

About Gewerbesiedlungs-Gesellschaft mbH

The Gewerbesiedlungs-Gesellschaft mbH, today ORCO-GSG, has been a subsidiary of ORCO Germany since June 2007. The unique portfolio of ORCO-GSG includes very high-quality space in all sizes with a very good cost-effectiveness ratio compared to other European capitals. With approximately 850,000 sqm of office and multi-functional space at 45 locations, ORCO-GSG is the leading office and commercial space provider in Berlin. Focus is on properties located in the city centre with excellent connections to the transport network. The portfolio includes spacious commercial centres, as well as business complexes with an impressive industrial architecture, located in the middle of the local neighbourhood.

ORCO Germany S.A. is a real estate company based in Luxembourg and is listed in the Prime Standard on the Regulated Market of the Frankfurt Stock Exchange. The ORCO Germany group, which operates under the uniform registered trademark ORCO Germany, has been operating in Germany since 2004 and focuses on commercial real estate, asset management and project development.

ORCO Germany SA is a subsidiary of ORCO Property Group, which is one of the leading real estate companies in Central Europe. The company was founded in 1991 with headquarters in Luxembourg and is listed on the Prague Stock Exchange and Euronext as well as the Warsaw Stock Exchange

Contact:

Kirchhoff Consult AG
Sebastian Bucher
Herrengraben 1
20459 Hamburg
T +49 40 60 91 86 18
F +49 40 60 91 86 60
E sebastian.bucher@kirchhoff.de
http://www.kirchhoff.de