CA Immo rents out around 7000 m² of office and retail space

CA Immo has managed to secure further tenants for four office buildings and a shopping center in Prague. In total, 5,000 sqm of office and some 2,000 sqm of retail space were newly let in October. As a result of these new rentals, the occupancy rate of its Czech portfolio will increase from 83 % (as at 30.6.2012 to 89 %.

Several large new rentals were agreed upon in October: the software company Jet Brains is renting 1,300 sqm in Kavci Hory Office Park, and the financial services provider WPB Group is leasing more than 1,700 sqm in the Class A office building Amazon Court. The neighbouring Danube House is also gaining a major new tenant, the IT company Good Data (1,500 sqm. Thanks to successful new rentals and contract renewals, the Technopark office building, also located in Prague, is now almost fully let. In addition, new rentals were agreed upon in the retail section: A leading international fashion operator has leased 1,500 sqm and a dm drogeriemarkt will settle 450 sqm in the Sestka shopping center near to the Prague airport.

Tenant-specific improvements are well underway, and the offices and retail spaces will start to be occupied by the new tenants between December 2012 and March 2013.

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