New lease and prolongation in Deutschherrn-Karree

Aroundtown retains long-term tenant in Nuremberg

Aroundtown concludes long-term leases for over 10 years with existing tenant Core-Backbone GmbH, which is extending and expanding office and commercial space for its data center at Deutschherrnstrasse 15-19 in Nuremberg, covering a total area of around 1,500 sqm.

The seven-story office building is part of the "Deutschherrn-Karree", a modern office and service center west of Nuremberg's old town that has been extensively modernized in recent years. The premises are characterized by their brightness, flexible room layout and modern equipment. Thanks to its central location, the office property has easy access to public transportation and is only about 15 minutes from Nuremberg's main train station. It has direct access to the ring road and the highway. It is also close to the Pegnitzauen recreational area.

Core-Backbone GmbH is an established IT carrier headquartered in Germany. The company operates a global IT network on three continents. The products it offers, such as Internet connectivity, IP transit and data center services, focus on quality. The aim is to provide customers with the most efficient, high-performance and cost-effective IT infrastructure solutions possible.

The signing of this long-term lease underlines the trust and successful partnership between Aroundtown and the tenant. With the lease extension, the tenant will continue to benefit from Aroundtown's comprehensive leasing services. These include personal on-site contacts and a central inhouse 24/7 service center with trained staff available to commercial tenants around the clock, including weekends and holidays. Aroundtown remains 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 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). 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