Aroundtown achieves long-term full occupancy in Cologne

Successful new letting of over 1,500 sqm

Aroundtown, a leading listed real estate group in Europe, has achieved a significant letting success: the company has signed a long-term lease for 20 years for a total area of over 1,500 m² with one of the leading providers of bouldering halls "ELEMENT Boulders". This means that the property is now fully let on a long-term basis. The strategic new letting reflects not only the attractiveness of the building, but also Aroundtown's ability to identify and implement contemporary and in-demand uses for its properties.

The office property, located at Deutz-Mülheimer Str. 111 on the Cologne exhibition grounds, covers an area of 20,000 m². The location directly on the city highway, the proximity to various public transportation options such as suburban trains, streetcars and buses as well as sufficient parking facilities make the property particularly attractive. The property is an integral part of the Cologne exhibition grounds and benefits from the dynamic environment and proximity to other destinations, making the building a sought-after location for tenants.

The conclusion of the long-term lease agreement with ELEMENT Boulders underlines Aroundtown's expertise in the real estate market. By offering comprehensive tenant services, including personal on-site contacts and a central 24/7 service center with trained staff, Aroundtown is setting new standards in the commercial real estate sector. These services are available to commercial tenants around the clock, even at weekends and on public holidays. This leasing success further highlights Aroundtown's position and emphasizes the importance of long-term relationships and innovation in the real estate industry.

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