14 September 2023
Located in the center of Szczecin, the Maris building is a modern office building with a total lettable area of 5,945 m2 and features 119 underground parking spaces. Thanks to the efforts of the local asset management team in a competitive rental market, the following rental agreements have recently been concluded:
In line with these agreements, there will be investments directed towards technical enhancements. The recent leasing deals have led to a 300% surge in the overall rental contract values and the average lease term has been extended from 0.9 years to 4.4 years.
The management of Arcona Property Fund is now investigating options to realize value from the asset for the benefit of shareholders.
Financial details will not be disclosed.
Arcona Capital Fund N.V. enhances rental situation in Maris asset in Poland 14 September 2023 |
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