Godewind Immobilien AG announced the first success in the reduction of vacancies in its office complex Eight Dornach in Aschheim near Munich. Godewind concluded with a DAX listed company a rental agreement for 4,145 m- office space at attractive market rents. The rental contract has a term of 5 years initially. The rental period is expected to begin on the 1 May 2020. As a result of this significant new rental success the asset KPIs will improve based on the contractually secured rental agreements as follow: Pro forma annualized rental income will increase to more than EUR 1.8 million; Vacancy rate will decline from 50.3% to 25.3%; WALT will increase to 4.0 years after 3.3 years recently. These parameters will have a positive impact on the valuation of the Eight Dornach property as of year end 2019. The total new letting performance since the acquisition of all assets reduces the pro forma portfolio vacancy rate now to below 11%. This strategically acquired vacant space further on offers outstanding growth potential and helps to increase Godewind's net asset value (NAV) even further in the medium term. Godewind's recent rental success is an important milestone in this respect and proves again the attractiveness of the company's value-add-/manage-2-core-strategy.