Vivion Investments S.á r.l. (‘Vivion’) is proud to announce the signing of two lease contracts for approx. 15,300 sqm with two governmental tenants in one of its office assets in Germany.
The first lease contract for approx. 13,500 sqm was signed for 15 years with the State of Lower Saxony and the second lease contract for approx. 1,800 sqm was signed for seven years with the medical assessment service of the Health Insurance Companies of Lower Saxony.
The annualized in-place rent for the asset increased with 37% and will deliver approx. EUR 25 million of contractual rental income. With these transactions, the property is almost fully let with a WAULT of 14 years.
Vivion is pleased to announce the completion of the transactions despite the Corona situation as these demonstrate the quality of the portfolio and Vivion’s asset management capabilities.

