Rental contracts for the Riverplace compound were extended for 13,000 square meters, of the building’s total 47,600 square meters.
Companies Telemobil (5,055 sqm), Computer Generated Solutions (5,688 sqm) and Viveo Romania (rental extension for 746 sqm and another 1,400 sqm of newly rented surface) had their rental contracts extended for four up to ten years, CA Immo said in a press statement Wednesday.
As regards the Opera Center 2 compound, law firm Stoica si Asociatii had its rental contract extended for 920 sqm for another ten years and real estate consultancy firm Cushman&Wakefield will occupy the 320 sqm-space for another five years.
CA Immo said its properties in Romania currently are over 99% rented. CA Immo’s assets in Romania are evaluated at EUR407 million, accounting for 8% of the company’s overall portfolio. Over 90% of CA Immo’s Romanian properties generate revenues and have a lettable area of around 330,000 sqm, including five office buildings and a logistic park in Bucharest, as well as a retail park in Sibiu.
CA Immo, one of the leading property investment companies in Germany and Central Europe, was founded in 1987 and has total assets of EUR5.3 billion.