BVIC Group is pleased to announce that it has signed a new lease agreement for Building Complex I at Delta Falirou. Norton Rose, a leading international legal practice, has taken 1,972 sq.m. of office space and 100 sq.m. of storage space, on a 12 year lease.
This is the third lease agreement signed for Building Complex I, bringing the total yearly lease income for the 60% of the lettable area leased thus far, to €1,620,000. The lease agreements include an annual adjustment on the basis of Greek CPI and 100 bps.
Aris Vovos, CEO of BVIC said: We are delighted to welcome Norton Rose to the Delta Falirou Complex. The high quality and diversity of our tenants demonstrates the strong appeal of the Delta Falirou project. The project provides over 23,000 sq.m. of retail, leisure and office space as well as 1,500 parking spaces, and is expected to add €4 per share to our NAV, in H1 2006.
Sale at 49 Kifissias Avenue
BVIC Group has sold 263 sq.m. of office space and 2 parking spaces at 49 Kifissias Avenue for a total consideration of €801,000 to Embryogiatriki Genetiki Ltd.