French office REIT Cegereal has signed three new leases representing 17,300 m[sup]2[/sup] of office space in Arcs de Seine, Boulogne, France.
French office REIT Cegereal has signed three new leases representing 17,300 m2 of office space in Arcs de Seine, Boulogne, France.
These lettings bring the occupancy rate of the site to over 50% and that of Cegereal's portfolio to 80%, the company said in a statement.
The site, located on Quai Point du Jour, on the river bank in Boulogne-Billancourt, will house a leading media and telecoms company, which took 10,500 m2 in the form of a firm nine-year lease starting from October 1, 2012; Hewlett Packard, which signed on 2,900 m2 of office space in the form of a 6/9 year-lease starting from August 1 2012, as well as Huawei Technologies, which is to occupy 1,250 m2 from March 1, 2012.
Totalling 45,000 m2, the Arcs de Seine ensemble is currently being evaluated for the French environmental certification label (HQE Engagement Phase).
Raphaël Tréguier, CEO of Cegereal , said: 'Signing these three leases just three months after the refurbishment confirms our commercial strategy: upgrade the complex, obtain HQE certification, and adopt a multi-tenant approach.'
