Valad expands existing lease at the A1 Business Park in Romania

BUCURESTI - 22 februarie 2012

Comunicat tip General in Imobiliare

NEWS RELEASE

Date: 22/02/12

Valad expands existing lease at the A1 Business Park in Romania

Valad, the European multi-let real estate investment manager, announces that Studio Moderna has added 700 sq m to its lease at the A1 Business Park in Romania and extended the term for a further two and a half years. The multi-channel e-commerce company’s total leased area has now increased to 3,106 sq m. The lease extension and renewal was agreed on behalf of the Central European Industrial Fund (“CEIF”).

 

Situated on the A1 Highway, the A1 Business Park provides small and medium-sized quality office, commercial and warehousing space in the Bucharest area. Existing tenants include DHL, Uniscan Trade, Bravo Group, and Coelco Trade.

Silviana Badea, Valad’s Country Manager in Romania, said: “The decision by Studio Moderna to take additional space at the A1 Business Park demonstrates the high quality of industrial space on offer. It also highlights the importance of Valad’s team of locally based asset managers who are uniquely placed to service tenants as well as to understand the nuances of the local real estate market.”

CEIF is asset managed by Valad and fund managed by Aviva Investors through a joint venture which was established in 2005. It invests in multi-let industrial property across Central Europe with a primary focus on Romania, Poland, Hungary and Czech Republic.

Valad let over 70,000 sq m across Central and Eastern Europe during 2011, in the 22 properties it manages with over 260 tenants from offices in Bucharest, Budapest, Warsaw and Prague.

ENDS

 

For further information contact:

Silviana Badea, Valad Romania

Tel. +40 (0) 722 236 787 or +40 (0) 731 732 929      silviana.badea@valad.ro  

Jeremy Carey, James Verstringhe, Tavistock Communications

Tel. +44 (0) 20 7920 3150

Louise Bathersby, Valad Europe

Tel. +44 20 7659 6710            louise.bathersby@valad.co.uk   

 

About Valad

Valad is a European multi-let real estate investment manager with a network of local offices throughout Europe, managing over €4 billion across 13 mandates. 

In Europe, Valad manages 700 assets comprising approximately 6.2 million square metres.  Its core business is value-adding real estate investment management with local asset management teams taking care of 6,500 tenant customers.

Valad has 220 staff and 21 offices in 12 countries across Europe.

Valad is an independent company owned by management and Blackstone, one of the world’s leading Real Estate Investment Managers, through their Blackstone Real Estate Partners VI L.P. fund, a US$10.9 billion (€7.5 billion) global real estate fund.   Further information is available at www.blackstone.com.

Despre Ceif Industrial Epsilon SRL

About Valad

Valad is a European multi-let real estate investment manager with a network of local offices throughout Europe, managing over €4 billion across 15 mandates.
In Europe, Valad manages 700 assets comprising approximately 6.2 million square metres. Its core business is value-adding real estate investment management with local asset management teams taking care of 6,500 tenant customers.
Valad has 220 staff and 21 offices in 12 countries across Europe.
Valad is owned by Blackstone, one of the world’s leading Real Estate Investment Manager, through their Blackstone Real Estate Partners VI L.P. fund, a US $10.9 billion (€7.5 billion) global real estate fund. Further information is available at www.blackstone.com.

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