Oracle, Emirates NBD REIT’s largest tenant, has renewed its lease on the Edge building for an additional five years. Oracle currently occupies 76,422 square feet across 5 floors of the building, which enjoys a privileged location in Dubai for the Internet. Emirates NBD REIT, where recent leases have reached five years, which is equivalent to 23% of the total available office space, whose contracts have been renewed in these buildings.
The new contracts and lease renewal contracts contributed to a significant improvement in the expected average of unexpired leases for the company’s portfolio, as it increased from 3.2 to 3.9 years.
MENAFN0710202001100000ID1100921535
These were the details of the news Emirates NBD REIT renews the Oracle contract for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
