German sports equipment manufacturer Puma is moving its offices from February 2024 from Nord City Tower to the Oregon Park complex of investment fund Lion’s Head Investments, following a 7-year and 10-month lease. Puma is to occupy 789 sqm on the 6th floor of the Oregon Park B building, which also houses Deloitte.
The retailer has secured an indexed rent of EUR 15.5/sqm/month for the leased office space for the period 1 February 2024 to 1 December 2031 and will pay EUR 100 per month for the 10 reserved underground parking spaces. The service charge for the first financial year is estimated at EUR 3.8/sqm/month, limited to an annual increase of 10 percent for some service categories only.
Lion’s Head Investments is offering tenants a 10-month rent waiver for the months of January in years 2025-2031 and the months of February in years 2024, 2030 and 2031. The landlord will also bear the cost of the fit-out works of the office space, calculated at EUR 275/sqm.
Source: Profit.ro
