In QuotedData’s morning briefing 12 May 2023:
- Tritax EuroBox (EBOX) has agreed a new 10-year green lease to a leading logistics company at its recently completed property in Dormagen, a prime logistics location in the Düsseldorf region of Germany. The 36,000 sqm letting was 17.8% ahead of the rental guarantee that EBOX was receiving from its development partner Dietz AG and concluded just five weeks after practical completion of the building. The lease, which benefits from 100% CPI annual indexation, was agreed with a ‘green lease clause’ ensuring the occupier uses the building in a sustainable way along with an obligation to share resource usage data. EBOX is now entering discussions with the tenant for a substantial solar scheme.