Portfolio Activity

Sale of MEREIT's Vienna office completed for €212.25m

€292m refinancing completed with Lloyds Banking Group

Sale of MEREIT’s Montpellier office completed for €17m

The US Embassy located in the IZD Tower in Vienna has exercised its option to extend its lease by a further five years

In order to enhance the quality of the accommodation available in the IZD Tower, a major upgrade of the air-conditioning and electrical plant has been undertaken

The property has been further enhanced following a redesign of OBB’s reception facilities which now provide new guest seating.

We are pleased to welcome Mustang and Street One to the centre as a new tenants which further improves the quality of the Stadt-Centre’s fashion retailing.

Jacobs Engineering, the principal tenant within the Company’s Leiden office building, has committed to a new lease term of 10-years.

Following the creation of an office show suite at the Company’s Europort estate the suite of 167sqm has been let to Adler Interlogistic for 5 yrs. A further show suite will be created.

Work has commenced to extend the property by circa 3,100 sq m, following which the tenant, La Poste, will enter into a new 9-year lease and pay an increased rent

Ernstings Family has moved to a larger unit to facilitate a series of moves including PW Tobacco which took a smaller unit thereby enabling the formation of the new double unit required by Street One.

Construction of the Company’s second office building in Montpellier has been completed and the property is now largely let to Logica

Colgate Palmolive has recently extended its lease from expiry on 31.12. 2009 for a further 5 years and 3 months

The fashion offer at Düren has been further improved through securing Esprit, an international high street retailer with 125 directly managed stores in Germany, on a new seven year lease.

The only vacant warehouse in Europort (1,445 sq m) has been let for 2.5 years to existing tenant Nippon Express, strengthening its presence on the estate.