Collected 97% of rents due for the first nine months of 2020

Office lease renewal signed at a 40% premium

COIMA RES is pleased to announce that, as of today, it has collected 97.2% of the rent due for the first nine months of 2020 (vs 99.4% at the same date in 2019).

Notwithstanding the current exceptional circumstances from both an economic and public health point of view, COIMA RES’ tenant base has maintained a high professional conduct over the last few months, as it can be expected from large corporations operating globally.

In addition, COIMA RES has recently renewed the lease with QBE (a global insurance company) for an additional 6 years. The lease, which concerns more than 900 sqm office space at the Gioiaotto property in Porta Nuova in Milan, has been signed at a 40% premium to the previous rent in place, in line with the prime rent in the area.