PREOS Real Estate AG with letting success despite COVID 19 pandemic - international video game developer Gunzilla Games becomes new long-term tenant in the Westend Carree Frankfurt

Press release

PREOS Real Estate AG with letting success despite COVID 19 pandemic - international video game developer Gunzilla Games becomes new long-term tenant in the Westend Carree Frankfurt

Leipzig, 28.10.2020 - PREOS Real Estate AG (in future: PREOS Global Office Real Estate & Technology AG, "PREOS", ISIN DE000A2LQ850) has acquired a new tenant for the Westend Carree in Frankfurt am Main in the form of international video games developer Gunzilla Games. At the beginning of 2021, Gunzilla Games, with headquarters in Kiev and a further branch in Los Angeles, will move into the 450 square meter office space in the center Frankfurt; the rental period is five years.

The premises are characterized above all by a high level of IT infrastructure and are ideally equipped to enable the video game developer to successfully enter the German market.

The Westend Carree has been in the PREOS portfolio since January 2020 and is managed by PREOS majority shareholder, publity AG, as asset manager. With the new tenant Gunzilla Games, the occupancy rate of the 30,550 square meter property was further increased despite the COVID 19 pandemic

Frederik Mehlitz, CEO of PREOS Real Estate AG, commented: "We are very pleased about the new tenant Gunzilla Games in Frankfurt's Westend Carree. This is further proof that our strongly developed network works on a global level. In addition, the latest leasing success shows that our properties meet the individual needs of our tenants. Office space with high IT equipment in particular is an absolute must in the digital age".

Press contact:
Financial Press and Investor Relations:
edicto GmbH
Axel Mühlhaus
Phone: +49 69 905505-52
e-mail: preos@edicto.de

About PREOS Real Estate AG
PREOS Real Estate AG (in future: PREOS Global Office Real Estate & Technology AG "PREOS") is an active real estate investor focusing on office properties. PREOS acts as an efficiently positioned management holding company. The focus of its purchasing activities is on office properties with development potential in German metropolitan regions. Added value is generated through targeted asset management measures. Developed portfolio properties are sold when appropriate sales opportunities arise. The corporate strategy is to significantly expand the real estate portfolio through acquisitions in the coming years. The PREOS share (ISIN DE000A2LQ850) is listed in the m:access open market segment of the Munich Stock Exchange (PAG.MU) and on Xetra (PAG.DE). PREOS is based in Leipzig.