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PREOS Global Office Real Estate & Technology AG: Billion-dollar US group Avaya extends lease at Centurion

·2-min read

DGAP-News: PREOS Global Office Real Estate & Technology AG / Key word(s): Real Estate/Miscellaneous
13.01.2021 / 10:00
The issuer is solely responsible for the content of this announcement.

Press Release

PREOS Global Office Real Estate & Technology AG: Billion-dollar US group Avaya extends lease at Centurion

Leipzig, 13.01.2021 - PREOS Global Office Real Estate & Technology AG ("PREOS", ISIN DE000A2LQ850) has achieved another leasing success in the Centurion property in Frankfurt's City West. The US-American communications company Avaya has extended the existing lease of its German branch in the 17-storey office tower in Theodor-Heuss-Allee by more than 5 years. The group, headquartered in Santa Clara, California, has leased more than 5,500 square metres of space at Centurion; the average remaining lease term at the property is 4.6 years.

Centurion, which is managed by PREOS Group parent publity AG as asset manager, has been in the PREOS portfolio since the end of 2019.

Press Contact:

Financial Press and Investor Relations:

edicto GmbH

Axel Mühlhaus

Phone: +49 69 905505-52

Mail: preos@edicto.de

About PREOS Global Office Real Estate & Technology AG

PREOS Real Estate & Technology AG ("PREOS") is an active real estate investor focused on office properties. PREOS acts as an efficient management holding company. The acquisition focuses on office properties with development potential in German metropolitan regions. Value creation is generated by targeted asset management measures. Developed portfolio properties are sold in the event of adequate sales opportunities. The corporate strategy is to significantly expand the real estate portfolio through acquisitions in the coming years. The PREOS share (ISIN DE000A2LQ850) is listed in the over-the-counter segment m:access of the Munich Stock Exchange (PAG.MU) and on Xetra (PAG.DE). The company headquarters of PREOS is located in Leipzig.


13.01.2021 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:

PREOS Global Office Real Estate & Technology AG

Reichsstraße 2

04109 Leipzig

Germany

Phone:

0341 261787790

E-mail:

info@preos.de

Internet:

www.preos.de

ISIN:

DE000A2LQ850

WKN:

A2LQ85

Listed:

Regulated Unofficial Market in Frankfurt, Munich

EQS News ID:

1160280


 

End of News

DGAP News Service

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