CA Immo: Leasing success for Prague office properties

• Rental agreements for around 10,000 sqm rentable area signed in the first quarter of 2019
• Office properties Nile House and Visionary fully leased
• First WELL certification in the CEE region obtained for Visionary office building

CA Immo has concluded rental agreements for a total rentable area of around 10,000 sqm in its Prague office properties during Q1 2019. Nile House in Prague's Karlín district, with more than 19,000 sqm of rentable space, is now completely occupied. The 'Spaces' co-working project is one of the incoming tenants, leasing around 3,500 sqm office space in Nile House. Also Visionary in Prague 7, comprising around 22,500 sqm of office space, is now fully leased. Moreover, the premium office building, which was completed in summer 2018, is the first office building in Central and Eastern Europe to obtain the WELL Core & Shell certification for the positive influence of the internal environment on the health and comfort of its tenants.

CA Immo acquired Visionary office building from Skanska in June 2018. The building already obtained a record number of points (95 out of 100) in LEED Core & Shell sustainability certification, thus reaching the highest possible level of Platinum. Now it is adding a very valuable first in the CEE region: a WELL Core & Shell certification (https://www.wellcertified.com/). This certification system was created on the basis of rigorous research by leading medical clinics, real estate associations and industry professionals, monitoring new trends and procedures in the area of construction, design and the healthcare sector. The Visionary building has undergone an extensive certification process and obtained a Gold rating for its results in the following seven categories: Air, Water, Light, Nourishment, Fitness, Comfort and Mind - plus Innovations.

'Visionary is unique in many aspects. In addition to the technological and architectural innovations, it places an emphasis on the employees' health and wellbeing - for example in form of extensive sports facilities or adaptable spaces. We are proud that the concept of the building supports a healthy internal environment, comfort and flexibility for the tenants. This user-oriented approach is key for us and plays an important role in the selection of properties for our portfolio. We believe that Visionary can be an inspiration for newly emerging buildings on the local office market,' stated Václav Jonáš, Managing Director of CA Immo in the Czech Republic.

CA Immo in Czech Republic
The Czech asset portfolio consists of five office buildings in Prague, including the River City Prague properties Danube House, Amazon Court and Nile House, Kavčí Hory Office Park as well as the recently acquired Visionary office building. The book value of the Czech investment portfolio, comprising nearly 130,000 sqm rentable area, is approx. € 350 m (around 8% of total CA Immo portfolio by book value). The occupancy rate of the Czech portfolio was 99% as at 31 December 2018. All CA Immo office buildings in Prague have been awarded LEED or DGNB sustainability certification.