Optimus leases back property

Alan Heath
06-08-2001, 00:00

Optimus leases back property

Optimus Real Estate has signed a lease back del with Brel-Res, a subsidiary of BRE Leasing.

The deal involves the real estate belonging to Optimus including the Optimus Business Park in Warsaw.

Brel-Res has bought these buildings and leased them to Optimus Real Estate. In this way the Nowy Sąd based company raised cash without losing its property which it will be able to buy back at the end of the leasing period.

The contract is for ten years and worth USD38m.

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