{"id":832513,"date":"2022-11-05T06:02:15","date_gmt":"2022-11-05T05:02:15","guid":{"rendered":"https:\/\/bebeez.it\/non-categorizzato\/inovalis-real-estate-investment-trust-announces-plans-for-arcueil-asset-upon-receipt-of-formal-notice-of-non-renewal-from-long-term-tenant\/"},"modified":"2022-11-05T06:02:15","modified_gmt":"2022-11-05T05:02:15","slug":"inovalis-real-estate-investment-trust-announces-plans-for-arcueil-asset-upon-receipt-of-formal-notice-of-non-renewal-from-long-term-tenant","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/real-estate-in-europa\/inovalis-real-estate-investment-trust-announces-plans-for-arcueil-asset-upon-receipt-of-formal-notice-of-non-renewal-from-long-term-tenant\/","title":{"rendered":"Inovalis Real Estate Investment Trust Announces Plans for Arcueil Asset Upon Receipt of Formal Notice of Non-Renewal From Long Term Tenant"},"content":{"rendered":"TORONTO--(BUSINESS WIRE)--Inovalis Real Estate Investment Trust (the \u201cREIT\u201d) (TSX: INO.UN) announced that it is advancing its plans to redevelop and revitalize the 110,000 square foot Arcueil property located in the prime Vache Noir urban district of Paris now that it has received formal notice from Orange S.A. the sole tenant of the property, that it will not be renewing its lease.\n\n\nIn August, the Board of Trustees already contemplated the risk of non-renewal of the Orange S.A. lease when it reduced the REIT\u2019s annual distributions to Unitholders by 50%. This conservative measure was adopted in part due to the uncertainty about this lease renewal as well as the anticipated reduction in revenue from the other strategic vacancies in pr<div class=\"leaky_paywall_message_wrap\"><div id=\"leaky_paywall_message\"><a href=\"https:\/\/bebeez.it\/abbonati\/\">Abbonati<\/a> o <a href=\"https:\/\/bebeez.it\/mio-account\/\">Accedi<\/a> per leggere il resto di questo contenuto.<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>TORONTO&#8211;(BUSINESS WIRE)&#8211;Inovalis Real Estate Investment Trust (the \u201cREIT\u201d) (TSX: INO.UN) announced that it is advancing its plans to redevelop and revitalize the 110,000 square foot Arcueil property located in the prime Vache Noir urban district of Paris now that it has received formal notice from Orange S.A. the sole tenant of the property, that it [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49628],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-832513","post","type-post","status-publish","format-standard","hentry","category-real-estate-in-europa"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - 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