Branicks Group AG Announces Significant Lease Renewals and New Agreements for 2024

Branicks Group AG, a leading real estate company in Germany, has successfully renewed and signed new lease agreements, totaling 72,100 sqm for office and logistics space, marking a strong start to the year. The company has negotiated lease renewals for 65,500 sqm and new lettings covering 6,600 sqm, thereby ensuring the long-term occupancy of its fund properties.

The bulk of the renewed space pertains to logistics real estate within the "RLI Logistics Fund Germany - I," totaling 43,600 sqm, while the Japan Center in Frankfurt makes up the remainder with 28,500 sqm for office use. Notably, the European Central Bank has extended its lease in the Japan Center, reinforcing the property's appeal and Branicks' effective management strategies.

Additionally, logistics properties in Mönchengladbach, Lehrte, and Marquardt have seen renewed and expanded lease agreements. This includes a significant extension by P + M Logistik und Handel GmbH & Co. KG in Mönchengladbach and an early renewal plus expansion in Marquardt. Branicks' focus on adding sustainable value and securing stable income for investors has been praised by its COO, Christian Fritzsche.