Aroundtown reaches full occupancy for 18k sqm office property located in Rotterdam’s city centre

Aroundtown successfully signed new leases with multiple tenants thereby achieving full occupancy following the repositioning of this asset. The tenant quality is very high in this multi-tenant office property with the majority being international blue-chip tenants from the insurance and banking industry. Anchor tenant in the property is international insurance firm Aon.

Aroundtown signed new long-term lease agreements with Deutsche Bank, Harmony Financial Services and SGR, thereby reaching full occupancy in the complex.

Aroundtown undertook a variety of repositioning measures such as renovation of the office floors, addition of meeting rooms, upgradation of common spaces, and the creation of a coffee corner as well as a new restaurant with a rooftop terrace. These measures have proven to be successful with the asset reaching full occupancy and high tenant satisfaction, which is a key focus area for Aroundtown.

This 18k sqm office property is situated in the centre of Rotterdam and takes up a prominent spot on the quay of one of the city’s central harbours. Rotterdam Blaak train station, one of Rotterdam’s main train stations, as well as several underground and tram stations, are within walking distance of the property on Admiraliteitskade 62, 3063 ED Rotterdam, providing good connectivity by public transport. The property further benefits from parking facilities with over 300 parking places.

Aroundtown invests in income generating quality properties that have potential for value-add in central locations mainly in Germany and the Netherlands. Avisco (controlled by Yakir Gabay) holds 10% in Aroundtown followed by Blackrock at 5%. 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.