Fair Value REIT-AG: New letting in the CityCenter Eisenhüttenstadt shopping centre
October 24, 2019 at 01:38 am EDT
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Fair Value REIT-AG: New letting in the CityCenter Eisenhüttenstadt shopping centre
24.10.2019 / 07:30
The issuer is solely responsible for the content of this announcement.
Fair Value REIT-AG: New letting in the CityCenter Eisenhüttenstadt shopping centre
Graefelfing, 24 October 2019 - Fair Value REIT-AG (WKN A0MW97) successfully concluded a new letting at CityCenter Eisenhüttenstadt. The new tenant for this retail space, consisting of approx. 1,400 m², is KiK Textilien und Non-Food GmbH (KiK). The lease will be in effect for 10 years and expire in 2030.
The CityCenter shopping centre, located at Nordpassage 1 in Eisenhüttenstadt, is owned by the subsidiary BBV Immobilien-Fonds Nr. 10 GmbH & Co. and managed by IC Immobilien Group, who also brokered the lease agreement with KiK.
In his comments on the successful letting, Kevin Julian Fuhr, Member of the Managing Board of Fair Value REIT-AG, says: "This lease agreement proves the sustainability of this property location. We are very confident that we will conclude new letting agreements or extend existing agreements in the near future."
Contact
Fair Value REIT-AG
Kevin Julian Fuhr
Tel.: 089-9292815-10
Fax: 089-9292815-15
Email: fuhr@fvreit.de
Company profile
Fair Value REIT-AG, with its registered offices in Graefelfing in the Munich district, focuses its activities on acquiring, leasing and holding portfolios, as well as selling commercial property in Germany. Investing activities currently concentrate on retail and office properties in regional centres in Germany.
24.10.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Fair Value REIT-AG
Würmstraße 13a
82166 Gräfelfing
Germany
Phone:
+49 (0)89 9292 815-10
Fax:
+49 (0)89 9292 815-15
E-mail:
info@fvreit.de
Internet:
www.fvreit.de
ISIN:
DE000A0MW975
WKN:
A0MW97
Indices:
RX REIT All Share Index, RX REIT Index
Listed:
Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
Fair Value Reit AG is a Germany-based real estate investment trust. The Company specializes in the acquisition, management and sale of commercially used property, including retail and office retail properties at secondary locations across Germany. The Companyâs wholly owned subsidiaries are GP Value Management GmbH, BBV 3 Geschaeftsfuhrungs-GmbH & Co KG, BBV 6 Geschaeftsfuhrungs-GmbH & Co KG, BBV 9 Geschaeftsfuhrungs-GmbH & Co KG, BBV 10 Geschaeftsfuhrungs-GmbH & Co KG and BBV 14 Geschaftsfuhrungs-GmbH & Co KG. Other subsidiaries include IC Fonds & Co Bueropark Teltow KG, IC Fonds & Co Forum Neuss KG, IC Fonds & Co Gewerbeportfolio Deutschland 13. KG and IC Fonds & Co SchmidtBank-Passage KG, among others.
FAIR VALUE REIT-AG 
