Aroundtown achieves long-term nearly full occupancy

Success story continues: letting success at "Die Welle" with two new long-term tenants

Aroundtown, one of the leading listed real estate groups in Europe and a member of the M-Dax, has achieved a complete follow-up letting of around 1,500 sqm in the prestigious "Die Welle" property in the immediate vicinity of Alexanderplatz. The property at Karl-Liebknecht-Straße 32, 32 A, 32 B in Berlin-Mitte thus remains nearly fully let in the long term. In the current market phase, Aroundtown has succeeded in letting the space seamlessly to two renowned companies: to an energy provider of a large automotive group and to Double Skill Business Concepts & Solutions GmbH, a leading IT consulting and planning company from Berlin. Double Skill was advised by Colliers, the other tenant was advised by JLL.

The modern, mixed-use property is known as "Die Welle" – the wave – due to its striking, undulating glass façade. It is conveniently located on one of Berlin's main traffic arteries and at the central Alexanderplatz transportation hub. The Berlin-Mitte district surrounding the property is one of the best central districts in Berlin with a diverse mix of residential, office, leisure, bar, restaurant and retail uses. Many of the city's most important tourist destinations are within easy walking distance. The building is characterized by high-quality features such as a concierge service with access control, secure access per floor and energy planning. The property's main tenant is a hotel which, with its 27,000 sqm of space, contributes significantly to the long-term success of the property.

This letting success impressively confirms Aroundtown's market presence and expertise in the real estate sector. The successful seamless re-letting underlines the attractiveness of "Die Welle" and Aroundtown's ability to attract first-class tenants. Aroundtown offers tenants comprehensive services, including personal contacts on site and a central 24/7 service center with trained staff. This also contributes significantly to tenant satisfaction and strengthens Aroundtown's position as one of the leading real estate companies in Europe.

About Aroundtown

Aroundtown is one of Europe's largest real estate companies, M-Dax listed and focused on income generating quality properties that have potential for value-add in central locations mainly in Germany and the Netherlands. The portfolio comprises mainly office, residential and hotel properties. Hundreds of experienced employees from all areas of the value chain ensure that Aroundtown effectively realizes long-term potential. Professional organization, flexibility, innovation and extensive tenant services make Aroundtown a reliable partner for growth and success. Aroundtown is a sustainability leader in the European market with strong visibility in ESG indices such as Dow Jones Sustainability Index, Bloomberg Gender Equality Index and more. Aroundtown is a member of the European Public Real Estate Association (EPRA), the German Property Federation (ZIA), the German Sustainable Building Council (DGNB), the UN Global Compact Network Germany as well as a signatory of the United Nations Charter of Diversity. Aroundtown has received multiple EPRA BPR Gold Awards and EPRA sBPR Gold Awards for its transparent financial and sustainability reporting. Avisco (controlled by Yakir Gabay) holds 15% in Aroundtown (date: 29.07.2022) and Stumpf Capital GmbH 10% (date: 13.11.2023). Other shareholders include Blackrock, Norges, Vanguard, Allianz, BNP Paribas, Japan’s Government investment fund, Alliance-Bernstein, Dekabank, State-Street, Bank of Montreal and many other leading international investors. The main bond investors include ECB, GIC, Union Investment, DB, UBS, CS, M&G, Pictet, Credit Agricole and many other major institutional investors.

www.aroundtown.de