GPT Halverton reduces vacancy in Untrecht from 50 % to 7.7 %

GPT Halverton announced a significant letting deal at its Smart Business Park located at Kanaalweg 14 – 19 in Utrecht, the Netherlands. Utilising an intensive asset management approach and working in close cooperation with real estate agents DTZ Zadelhoff and Statement Real Estate management, the Dutch leasing team have reduced vacancy at the Smart Business Park from a high of 50% when first purchased in August 2005 to only 7.7% vacancy today.

From the 1st of August, Smart Business Park’s major tenant, Econcern, has extended their letting space with 2,162 sqm office and warehouse space for a period of 5 years. With this letting deal, Econcern now lets approximately 15,830 sqm, which accounts for 53% of the total lettable area of Smart Business Park.

Econcern has been active for over twenty years in the European sustainable energy market. This international company works in the areas of saving energy, efficient energy consumption and sustainable energy. Econcern consists of the operating companies Ecofys, Evelop, Ecostream and Ecoventures. Econcern employs about 1,000 professionals in 20 countries across the world and is ranked 234 in Europe’s 2007 list of 500 high growth, job-creating companies.

source : GPT Halverton