DGAP-News ORCO-GSG: Nearly 273,000 sqm of Berlin commercial space leased since June 2007, highest occupancy rate ever
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DGAP-News: ORCO Germany S.A. / Key word(s): Miscellaneous/Real Estate
ORCO-GSG: Nearly 273,000 sqm of Berlin commercial space leased since
June 2007, highest occupancy rate ever
21.02.2012 / 09:16
Since privatization of Gewerbesiedlungs-Gesellschaft (ORCO-GSG) in June
2007, nearly 273,000 square meters of office and commercial space in the
commercial complexes and business parks of ORCO-GSG have been rented in the
capital. As a result, the occupancy rate has increased by about 7% since
summer 2007. With ca. 78% as at end of 2011 this is the highest occupancy
rate ever.
Sebastian Blecke, COO of ORCO-GSG: ´Nearly four and a half years after the
successful privatization of GSG, we can show a very successful trend. Both
the occupancy rate as well as the average rent has never been better. As
Berlin´s largest commercial space provider we recognize our responsibility
and will continue working further on the positive development of the
inventory.´
Particularly pleasing is the development of the four modern business parks
in East Berlin´s Marzahn-Hellersdorf, Pankow and Lichtenberg districts with
a volume of approximately 261,000 square meters of rentable space. In
total, approximately 88,500 square meters have been leased since
privatization. With a net take-up of about 33,300 sqm, these business parks
make a successful contribution of nearly 60% to the total net take-up. The
occupancy rate has been increased by 10% above average in comparison to
other regions.
The North West region with commercial complexes in Mitte, Charlottenburg
and Reinickendorf closed-out with a letting performance of about 85,250
sqm, a net take-up of about 15,500 square meters and an occupancy rate of
almost 87%.
The traditional commercial complexes in Kreuzberg and Tempelhof-Schöneberg
with their charming old industrial architecture continue to face strong
demand. Here leases of just over 100,000 sqm have been finalized since the
summer of 2007.
ORCO-GSG acts as a partner to businesses thus providing commercial space at
attractive prices to small and medium sized companies from all kind of
sectors. About 1,600 tenants profit from the good value for money: ORCO-GSG
is amongst the cheapest options in service charge, additional services such
as high-fibre optic network, fitting-out support, conference facilities
that all go well beyond the classical concept of tenant support complement
the quality of the buildings, services and management.
About Gewerbesiedlungs-Gesellschaft mbH
The Gewerbesiedlungs-Gesellschaft mbH, today ORCO-GSG, has been a
subsidiary of ORCO Germany since June 2007. The unique portfolio of
ORCO-GSG includes very high-quality space in all sizes with a very good
cost-effectiveness ratio compared to other European capitals. With
approximately 850,000 sqm of office and multi-functional space at 45
locations, ORCO-GSG is the leading office and commercial space provider in
Berlin. Focus is on properties located in the city centre with excellent
connections to the transport network. The portfolio includes spacious
commercial centres, as well as business complexes with an impressive
industrial architecture, located in the middle of the local neighbourhood.
ORCO Germany S.A. is a real estate company based in Luxembourg and is
listed in the Prime Standard on the Regulated Market of the Frankfurt Stock
Exchange. The ORCO Germany group, which operates under the uniform
registered trademark ORCO Germany, has been operating in Germany since 2004
and focuses on commercial real estate, asset management and project
development.
ORCO Germany SA is a subsidiary of ORCO Property Group, which is one of the
leading real estate companies in Central Europe. The company was founded in
1991 with headquarters in Luxembourg and is listed on the Prague Stock
Exchange and Euronext as well as the Warsaw Stock Exchange
Contact:
Kirchhoff Consult AG
Sebastian Bucher
Herrengraben 1
20459 Hamburg
T +49 40 60 91 86 18
F +49 40 60 91 86 60
E sebastian.bucher@kirchhoff.de
http://www.kirchhoff.de
End of Corporate News
21.02.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: ORCO Germany S.A.
40, Parc d´Activités Capellen
8308 Capellen
Grand Duchy of Luxembourg
Phone: +49 (0)30 390 93 116
Fax: +49 (0)30 390 93 199
E-mail: patricia.jaenisch@orco-gsg.de
Internet: www.orcogermany.de
ISIN: LU0251710041
WKN: A0JL4D
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Düsseldorf, Stuttgart
End of News DGAP News-Service
157481 21.02.2012
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