Aroundtown extends lease for office space in Stitch Offices Amsterdam

Telecommunications company secures around 2,000 sqm in a prime location

Aroundtown, one of Europe's leading listed real estate groups, has secured a lease extension in Stitch Offices Amsterdam. A telecommunications company has extended its lease in the Stitch offices for around 2,000 sqm of office space. The new lease to the Dutch subsidiary of the telecommunications group confirms the attractiveness of the location.

Stitch Offices Amsterdam is a modern commercial property with a total area of over 13,000 sqm, strategically located in Amsterdam in the Amstel Business Park. The Van der Madeweg underground station is within walking distance and has a direct connection to the Amstel and Duivendrecht train stations. The office building is characterised by high-quality office spaces with flexible usage options and excellent infrastructure links to the A10 motorway ring road. The full-service office space includes a staffed reception service, a lounge and flexible rooms, a fitness room, a company restaurant and an espresso and juice bar in the entrance area.

The successful conclusion of the contract underlines the attractiveness of the property and Aroundtown's expertise in the area of long-term commercial lettings. Aroundtown provides comprehensive services to tenants, including personal on-site contacts and a central 24/7 service centre with trained staff that is available to commercial tenants around the clock, including on weekends and holidays. Aroundtown is the only company in the commercial real estate industry to offer such a comprehensive tenant service. The new lease confirms the company's strategic direction and its strong position in the real estate market.

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, the Netherlands and London. 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 the Dow Jones Best-in-Class 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 the 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, BNP Paribas, AXA, Alliance-Bernstein, APG, Dekabank, State-Street, Bank of Montreal and many other leading international investors. The main bond investors include ECB, GIC, Union Investment, DB, UBS, Nordea, Allianz,, M&G, Pictet, Credit Agricole and many other major institutional investors.

www.aroundtown.de