Godewind Immobilien AG has concluded a lease agreement which will completely reduce the office vacancy of Herzogterassen, only four months after the closing of the office complex, which are located in the centre of D-sseldorf. The tenancy agreement with a leading provider of shared workspaces covers all the vacant office space as well as additional space in Herzogterrassen of totally 21,589 m-. The new agreement, expertly negotiated by Godewind's asset management team, will have a very positive impact on the property's key figures. The term of the new tenancy agreement is more than 16 years and the lease period starts on 1 May 2020 at the latest. The office complex's contracted annual net cold rent will rise to around EUR 12.6 million as a result of concluding this agreement. The office vacancy rate for Herzogterrassen will fall to zero per cent, while the weighted average lease term (WALT) will now rise from 6.1 years to 11.1 years.