According to the REIT, this marks the second major lease contract secured at the property within a month. The first lease, which was secured with United Kingdom’s Premier Inn, was obtained at the end of November.
IREIT Global (IREIT) has signed a lease agreement with long-stay hospitality operator, BD Apartment GmbH (Stayery), to operate approximately 255 guest rooms at Berlin Campus.
Under the agreement, the REIT will operate across 10,600 sqm of gross floor area (GFA) or 12% of net lettable space at Berlin Campus.
