IVG with strong rental success

Despite the difficult situation on the property markets, a slight improvement on employment markets has led to numerous rental contracts for IVG. Eight of the larger contracts are listed below.

5,800 m² in Paris
Here, ALMA rented 5,800 m² in Front Office 92. The newly concluded rental contract runs until the end of July 2019. BNP Paribas Real Estate was the advisor. Front Office 92 consists of three wings with a total of 23,470 m² office space on 9 storeys with an underground garage, between the Seine and the city in a newly created district in Asnières. It is an environmentally friendly building (HQE - High Quality for Environment - standard certified) with good local public transport links and 20 minutes by car from Charles de Gaulle airport.

8,770 m² in London
At this location IVG, assisted by Montagu Evans, restructured an existing rental contract covering approximately 8,770 m² at EuroSelect 8 in Victoria between the Houses of Parliament and Westminster (1 Neathouse Place) for its closed-end property fund. The contract aroused considerable interest in professional circles in London, as the tenant – a multinational commodities company – waived a termination clause. The risk of vacancy was thus avoided and income was ensured for the remaining rental period of approximately 8 years. The building has won numerous architectural and design prizes and is fully let, with 2,000 m2 leased by retail companies.

17,580 m² in Berlin
As already reported, IVG has extended the rental contract with Universal Music Entertainment GmbH in the listed and converted Eierkühlhaus (egg cold storage depot) near the Oberbaumbrücke, covering 17,580 m², by 10 years to the end of 2019. The leading music company has three options at 5 years each. CB Richard Ellis was the advisor for Universal Music, with Jones Lang LaSalle acting for IVG.

2,350 m² in Luton
With the help of Savills & Bray Fox Smith, IVG Asset Management leased two rental contracts totalling 2,350 m² in Capability Green for its Institutional Funds. Shortly before this, IVG Asset Management had concluded a contract for 2,500 m² in the same building. This means that two thirds of the 8,000 m² building are now let. It is located off Junction 10a of the M1 in the direction of Luton Airport, north of London.

1,420 m² in Brunnthal
At the Eugen Sänger Ring, the technology location in Brunnthal, south of Munich, IVG extended a rental contract for 1,420 m² with Securetec Detektions-Systeme AG until April 2015.

1,280 m² in Stuttgart
Here, assisted by Colliers, Bräutigam & Krämer, IVG leased 1,280 m² of office space on Reinsburgstrasse (directly next to the Karlshöhe) to the state media authority until October 2015.

1,280 m² in Neuss
In the Forum 1 logistics center, with excellent motorway links, IVG leased 1,280 m² of office, hall and storage space to Swedex GmbH Industrieprodukte until August 2016 for its Institutional Funds. BNP/SIC acted as advisors for the new contract.

1,000 m² in Frankfurt
In “Frankfurt Central”, directly by the main railway station, 890 m² of a total 10,000 m² usable floor space was leased to Hessische Landesbahn in the building fitted out according to environmental criteria, as well as 100 m² to a gourmet delicatessen. As already reported, 6,900 m² were previously let to Universal Investment.

Source: IVG