VÖLKEL closes approx. 90 new rental agreements signed or actively extended
According to its own information, VÖLKEL Real Estate has approx. 90 rental agreements and approx. 60,000 m² for the managed portfolio were newly concluded or actively extended. This represents an increase of approx. 10%. 10%.
The trend in the retail sector towards shorter maturities was halted in the VÖLKEL portfolio. The weighted average of new contracts and term extensions was above the previous year’s figures at a good 3.5 years.
The slight increase in average rents compared to the previous year was primarily influenced by the larger share of retail rental space in strong shopping centres in 2023.
“After the challenging phase of the pandemic last year, we have noticed that many retailers are once again open to economically attractive offers of well-located, suitable space in strong retail properties and have secured their locations in established, economically functioning properties for longer,” says Managing Director for Development, Leasing and Revitalization, Rüdiger Hampe.
This performance underlines VÖLKEL’s claim to solution competence in asset management.