• Ministry rents 9,400 sqm of floor space plus 100 parking places at Zagrebtower
• More than 25,000 sqm of office space in Budapest extended or newly let in 2014

During the first half of the year, CA Immo succeeded in consolidating the very high occupancy rate of its stock properties. At Zagrebtower, 9,400 sqm of office space was newly let while in Budapest, reputable international businesses such as Nokia and a leading pharmaceuticals group extended their lease agreements. Lease contracts relating to approximately 25,000 sqm of office floor space have been signed in Hungary so far this year. The occupancy rate of the CA Immo asset portfolio thereby increased from 88.8 % on 31 December 2013 to 89.2 % on 30 June 2014. Utilisation rates were particularly high for the Austrian (96.9 %), German (91.3 %) and Romanian (92.9 %) portfolios. The average remaining term on lease contracts in the investment portfolio is 4.9 years.

 
Croatia: Zagrebtower almost full let by the autumn

At Zagrebtower, Croatian authorities are letting approximately 9,400 sqm of office space and 100 parking spaces for a five-year term. This represents the largest single rental transaction on the Zagreb office market in two years; the new letting also means that Zagrebtower, which comprises some 25,900 sqm of office space, will be virtually fully let by the autumn of 2014.

 
Hungary: Excellent tenant retention stabilises utilisation rate

So far in 2014, CA Immo Hungary has concluded office lease contracts on a total of 25,000 sqm (1,500 sqm signed by new tenants, contract extensions on 20,900 sqm and 2,800 sqm of expansions). Amongst other things, Nokia Hungary has extended its contracts at the City Gate office building and a leading pharmaceuticals group has extended its agreement at Bartók Ház.