Press releases

Arcona Capital Fund N.V. enhances rental situation in Maris asset in Poland

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:

 

  • Intive, the main tenant, has signed an agreement for 1,916 m2 for five years;
  • Collegium Humanum, a renowned private university, signed a new agreement for 759 m2, also for a period of five years;
  • Prudential has extended its 177 m2 lease for five years.

 

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
Download PDF
Back to overview

The dividend policy of the Fund is to aim to pay out ca. 35% of the annual operational profit as dividend. This annual distribution may be replaced or supplemented by specific share buyback programmes as approved by shareholders in a General Meeting.

Arcona Property Fund counts the following substantial companies amongst its tenants: