Aroundtown reaches full occupancy for mixed office and logistics property in Berlin-Tempelhof

With two new lettings of 4,500 sqm to a Berlin-based company specialized in satellite systems and 4,000 sqm of logistics space to an online delivery service, the building at Berlin Teilestr. 34-38 with a total area of approx. 8,500 sqm is fully let on a long-term basis.

The new leases round out the leasing success, as all available space in the commercial property is now fully occupied. In addition, there are development rights on the parking lot.

The commercial building is located in the Tempelhof-Schöneberg district at the Teltowkanal, right next to the city highway A100 which connects the property to the rest of the city in a short time. Within walking distance is the Tempelhof harbor with various restaurants and other amenities. A public transportation stop is right in front of the building.

The long-term leases underline the mutual trust between the parties. The tenants benefit from Aroundtown's comprehensive services, which include personal contacts on site and a central 24/7 service center with its own trained staff. The Aroundtown team is available to all commercial tenants every day, around the clock, including weekends and holidays. Aroundtown is the only company in the commercial real estate industry to offer such comprehensive tenant services to its customers.

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