IReit Global bags five-year lease for office space in Barcelona property
Singapore
IREIT Global has secured a "pivotal" five-year lease from a tenant for 3,450 square metres (sq m) of office space in its Il∙lumina office building in Barcelona despite the Covid-19 lockdown, the real estate investment trust's (Reit) manager said in a bourse filing on Thursday.
The tenant is Areas, a travel food and retail services company with 2,100 restaurants and stores across 12 countries in Europe and the US that serve around 340 million customers each year.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Intel slides after tepid forecast spurs fears about comeback
Microsoft beats estimates as AI drives revenue
Crypto firm sues SEC to fend off oversight of Ethereum
Snap beats first-quarter expectations, shares jump 25%
Google parent announces first-ever dividend; beats on sales, profit; shares soar
Baltimore’s trapped ships start leaving as new channel opens