HAMBORNER REIT AG can report further successes in letting operations at its O3 office property in Cologne. In particular, it has agreed a long-term renewal of the lease with one of its biggest office tenants. The main tenant, NetCologne, a company run by the city and one of the biggest regional telecoms service providers in Germany, has made a long-term commitment to the site and pre-emptively renewed its current lease for around 16,000 m² of office space until 31 January 2036. The renewal increases the average remaining term of the leases in the property to 10.0 years.