314 new leases with 180,000 square metres since April at hausInvest
Total contractual value of approx. 350 million euros
Residential and offices with the largest shares
Since April of this year Commerz Real has concluded 314 lease agreements for approx. 180.000 square metres for its open-ended real estate fund hausInvest. This equates to about 6.2 per cent of the total leased area of the fund portfolio of approx. 2.9 million square metres. As the company announced, these lease agreements will generate rental income totalling about 350 million euros over their full term. “That we have succeeded in our endeavours despite a pandemic and its economic effects is impressive testimony to the quality and efficiency of our asset and portfolio management,” says Henning Koch, a member of the board of management of Commerz Real.
That we have succeeded in our endeavours despite a pandemic and its economic effects is impressive testimony to the quality and efficiency of our asset and portfolio management.
Henning Koch, a member of the board of management
While more than one third of the concluded lease agreements are posted by apartments, offices account for the lion’s share of the leased area (approx. 110,000 square metres) and the rental income (278 million euros). This is followed by retail / gastronomy with approx. 63,000 square metres and 70 million euros. Among the most important lease agreements are those concluded with the investment firm Permira in Frankfurt am Main, with the law firms Gateley in London and Korian in Paris, and with adidas in Tauentzienstrasse in Berlin.