First Property Group plc has announced that it has leased an additional 512 m2 or 3.7% of its office building in Gdynia, Poland to Alfa Forwarding Ltd, a freight company. The new tenant is expected to start paying rent on or around 1 April 2024. This lease is expected to narrow the net operating loss from the building to around €55,000 on an annualized basis. The building has a total of 13,900 m2 of net internal area, with 9,980 m2 of office space remaining to be leased, which is approximately 72% of the total office space in the building. The Group is currently in negotiations with four prospective tenants over leases covering 1,265 m2 of this space. When fully let, the building is expected to generate net operating income of approximately €2.1 million per annum. The building is located in prime central Gdynia, Poland's second largest seaport after Gdansk, which has seen significant investment in recent years. The Port of Gdynia is currently being enlarged to handle Baltimax vessels, with corresponding investment in its road and rail infrastructure.