IReit Global bags new tenant for office space in Germany

Singapore

IREIT Global has secured a 5-year lease from a tenant for 5 floors of office space in its Munster Campus building in Germany, the real estate investment trust's (Reit) manager said on Friday (Nov 26).

The tenant is a German federal municipal association operating 35 special schools, 21 clinics and care centres, as well as 18 museums and scientific institutions for the study of cultural heritages and other cultural institutions. It is one of Germany's largest associations offering aid to people with disabilities, employing a total of 18,000 people, said the Reit manager in a press statement.