ESPG AG: Temporary Vacancy Spike Amid Strategic Tenant Mix Shift

ESPG AG, a specialist in science park real estate, reports a temporary vacancy increase due to lease expirations with major tenants SAP and Nokia. The vacancy rate may exceed 30% in the latter half of 2025. This shift forms part of ESPG's strategic plan to diversify its tenant base to include future-oriented sectors like technology, education, and healthcare.

In the first half of 2025, ESPG secured three new leases covering 4,400 m². Nichia Corporation and Meknes highlight ESPG's focus on strategic tenant alignment towards research, education, and skilled trades. These changes aim to establish clusters of high-quality, stable tenants.

The outlook for the second half of 2025 remains optimistic, with anticipated growth and a focus on portfolio development and Loan-to-Value (LTV) optimization. ESPG's strategy is expected to sustain its real estate market position amidst challenging conditions.