Our portfolio manager has recently completed a very positive change in tenancy in Ludwigsburg. Back Factory – a cafe and bakery chain with 110 stores across Germany – has taken a key ground floor retail unit. The lease terms are a significant improvement over those of the outgoing tenant.

We’re delighted with the new signing, which just underlines how important a commercial location our asset in Ludwigsburg enjoys. Stay tuned for more tenancy developments in Ludwigsburg later in 2010.