EQS-News: PREOS Global Office Real Estate & Technology AG: Leasing success at LES3 in Eschborn

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PREOS Global Office Real Estate & Technology AG: Leasing success at LES3 in Eschborn

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  • PREOS Global Office Real Estate & Technology AG: Leasing success at LES3 in Eschborn
    The issuer is solely responsible for the content of this announcement.
  • PREOS Global Office Real Estate & Technology AG: Leasing success at LES3 in Eschborn
    Frankfurt/Main, 20 December 2022 – Leasing success for PREOS Global Office Real Estate & Technology AG ("PREOS", ISIN DE000A2LQ850): The telecommunications company Cisco Systems and the automotive supplier Continental have extended their existing leases at the PREOS existing property LES3 in Eschborn just outside Frankfurt am Main.
  • The LES3 office property in Eschborn is fully leased and has been in the PREOS portfolio since 2020.
  • The double leasing success shows that the demand for high-class real estate in very good locations remains unabatedly high."



EQS-News: PREOS Global Office Real Estate & Technology AG

/ Key word(s): Real Estate/Miscellaneous


PREOS Global Office Real Estate & Technology AG: Leasing success at LES3 in Eschborn

20.12.2022 / 10:15 CET/CEST

The issuer is solely responsible for the content of this announcement.


PREOS Global Office Real Estate & Technology AG: Leasing success at LES3 in Eschborn

Frankfurt/Main, 20 December 2022 – Leasing success for PREOS Global Office Real Estate & Technology AG ("PREOS", ISIN DE000A2LQ850): The telecommunications company Cisco Systems and the automotive supplier Continental have extended their existing leases at the PREOS existing property LES3 in Eschborn just outside Frankfurt am Main. Cisco Systems has extended its existing lease at 6,000 square feet of occupied space through July 2028. Continental has leased 9,000 square meters of space in LES3 and renewed its lease until October 2026.

The LES3 office property in Eschborn is fully leased and has been in the PREOS portfolio since 2020. The average remaining term of the leases at LES3 is now 4.6 years. PREOS majority shareholder publity AG acts as asset manager for the property.

Stephan Noetzel, CEO of PREOS: "The Eschborn location is characterized by its immediate proximity to the financial metropolis of Frankfurt. The double leasing success shows that the demand for high-class real estate in very good locations remains unabatedly high."

About PREOS Global Office Real Estate & Technology AG

PREOS Global Office Real Estate & Technology AG ("PREOS") is an active real estate investor focused on office properties. PREOS acts as an efficient management holding company. In terms of acquisitions, the focus is on office properties with development potential in German metropolitan regions. Added value is generated through targeted asset management measures. Developed portfolio properties are sold if there are adequate sales opportunities. The corporate strategy is to significantly expand the real estate portfolio through acquisitions in the coming years. The PREOS share (ISIN DE000A2LQ850) is listed in the m:access segment of the Munich Stock Exchange (PAG.MU) and on Xetra (PAG.DE). The registered office of PREOS is in Frankfurt/Main.

Press Contact:

Financial Press and Investor Relations:

edicto GmbH

Axel Mühlhaus

Phone: +49 69 905505-52

Mail: [email protected]

 

 

 

 




20.12.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: PREOS Global Office Real Estate & Technology AG
Bockenheimer Landstraße 2-4
60306 Frankfurt/Main
Germany
Phone: +49 695973566
E-mail: [email protected]
Internet: www.preos.de
ISIN: DE000A2LQ850
WKN: A2LQ85
Listed: Regulated Unofficial Market in Frankfurt, Munich
EQS News ID: 1517615



 
End of News EQS News Service

1517615  20.12.2022 CET/CEST

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