Aroundtown achieves long-term full occupancy at Gehrmann-Haus in Wiesbaden

An insurance company expands to a total of approx. 7,500 sqm office space and remains single tenant

The Gehrmann-Haus in Wiesbaden convinces along the line: Main tenant, an insurance company, extends the existing lease and at the same time expands the space by an additional almost 2,800 sqm to a total of approx. 7,500 sqm office space. This means that the office building at Abraham-Lincoln-Strasse 34 in Wiesbaden is fully leased in the long term. The insurance company uses the space on several floors as regular offices. The owner of Gehrmann-Haus is Aroundtown, Europe's third-largest listed real estate company. The long-term full occupancy is a success of the company's own asset management team.

The Gehrmann-Haus is a four-story office building with modern equipment standards. It is located at an established office site in the southeast of the Hessian state capital. The property is directly connected to the federal highways B54 and B455. The city center of Wiesbaden as well as the main train station can be reached within a few minutes by car, the Frankfurt airport is about 15 minutes away. Outside, the Gehrmann-Haus has open parking spaces and a parking garage with three levels.

About Aroundtown

Aroundtown is Europe's third-largest listed real estate company, committed to sustainable investment 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 and innovation make Aroundtown a reliable partner for growth and success. Aroundtown is a member of the European Public Real Estate Association (EPRA), the German Property Federation (ZIA) and the German Sustainable Building Council (DGNB). (DGNB) 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) followed by Blackrock at 6% (date: 29.07.2022). Other shareholders include Norges, Vanguard, Allianz, BNP Paribas, Japan’s Government investment fund, Aliance-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