Brief: Atenor Signs New Rental Agreement For Vaci Greens Building In Budapest

Atenor SA

25/03/2020 16:45

March 25 (Reuters) - 
    * BUILDINGS 'E' AND 'F' WILL BE HANDED OVER IN SECOND AND
THIRD
QUARTER OF 2020, WITH NO INTERFERENCE EXPECTED DUE TO COVID-19
CRISIS
    * SIGNS NEW RENTAL AGREEMENT FOR VACI GREENS BUILDING 'E' IN
BUDAPEST WITH MAJOR SOFTWARE DEVELOPMENT COMPANY
    * NEW LEASE CONFIRMS THAT, DESPITE CURRENT EXCEPTIONAL
CIRCUMSTANCES, COMPANIES ACTIVE IN CENTRAL EUROPE ARE CONTINUING
THEIR DEVELOPMENT POLICY IN A MARKET THAT REMAINS BUOYANT IN THE
LONG TERM
    * GIVEN THE BUILDING'S SALES PARAMETERS, AND THE RISE IN
RENTS
RECORDED ON THIS MARKET IN 2019, THE SIGNING OF THIS RENTAL
CONTRACT WILL HAVE A POSITIVE EFFECT ON ATENOR 2020 RESULTS, IN
THE FORM OF ADDITIONAL SELLING PRICES
    * IMPACT OF AGREEMENT WILL BE DETAILED UPON DELIVERY OF THE
BUILDING
    * WILL PURSUE ITS REAL ESTATE DEVELOPMENT STRATEGY IN MAJOR
EUROPEAN CITIES

Source text: https://bit.ly/3boEvBX
Further company coverage:  ATEO.BR 

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