- IREIT Global (SGX:UD1U) is in advanced discussions with tenants to lease out substantial office space at the repositioned Berlin Campus. If this materialises, it will remove a key share price overhang.
- - Read this at SGinvestors.io -
- Leasing demand has picked up at other Spanish and Germany assets, benefitting from fiscal policy moves while the benign Eurozone rate outlook provides additional tailwind.
Berlin campus redevelopment is making good progress
- Berlin campus redevelopment is making good progress, with IREIT Global commencing construction works after securing approvals and support from local authorities. The move is proving to be timely, with the earlier signing of two long hospitality leases as well as coinciding with healthy office demand recovery. It is currently in active advanced negotiations with two prospective AAA-rated tenants looking at taking up a substantial portion of the office space (office accounts for ~70% of overall redevelopment NLA) on a long lease (>15 years).
- - Read this at SGinvestors.io -
Plans to monetise up to half of its stake in Berlin Campus
- Read more at SGinvestors.io.
