Godewind Immobilien AG announced another rental success shortly after the latest significant vacancy reductions. Just shortly after the latest new rental agreement in July this year in the Y2 office complex in the Frankfurt Merton district Godewind concluded a premature 12 year lease extension to a total term of now 14.3 years with the existing anchor tenant, Jobcenter Frankfurt am Main. The lease extension for the 11,250 m total space in this office building begins on the 1st of January 2022. The contracted annual net cold rent of the property will increase by more than 15% or approximately EUR 0.4 million to EUR 3.1 million compared to the closing in February this year. Y2's office vacancy already fell to 28.3% from 32.2% earlier as of late. The average remaining term of the tenancy (WALT) will move up to 11.5 years after 4.8 years. The portfolio performance indicators will again improve as a result of this new contract.