Optimus Real Estate signs $38 million property lease back deal with Brel-Res

Optimus Real Estate, a member of the Optimus group, has signed a lease back deal with Brel-Res, a subsidiary of BRE Leasing. The deal involves buildings which had been owned by Optimus, including the large Optimus Business Park in Warsaw. Brel-Res has bought the buildings and leased them to Optimus Real Estate. In this way the Nowy Sacz based company has raised cash without losing its property. Under the terms of the agreement, Optimus will be able to buy the buildings back at the end of the leasing period. The contract will last for 10 years and is worth $38 million. (Puls Biznesu, p. 4) A.K.