Equity Estate and Otto Harrassowitz prolong lease of 7,500 m² in Wiesbaden (Germany)

19-12, 2016

Equity Estate has successfully extended the lease agreement with tenant Otto Harrassowitz GmbH & Co. KG in Wiesbaden, Germany for 7,500 m² of office and archive space. The lease is now running until 2022, Otto Harrassowitz has been on this location since 2003 and shows commitment to the area and to Wiesbaden, where it is located since 1953.

After the earlier lease transactions with Dräger and Bildungswerk der Hessischen Wirtschaft, the occupancy level in the office complex at the Kreuzberger Ring in Wiesbaden now amounts to over 90%. Only 900 sqm of office space is still available for leasing. This vacancy is the only vacancy in the AB Alternative Fund SICAV SIF, which amounts to only 1.6% of the total (theoretical) rent passing.

The Venture  ‘AB Alternative Fund SICAV-SIF’ was launched in Q2 2016 and because of investor inflow we are searching for strong additional investments with a volume between € 10 and € 25 million in Germany and Benelux.