Aroundtown secures long-term lease prolongation and space extension in the centre of Leipzig

The real estate company Aroundtown has succeeded in concluding a new lease in combination with a lease prolongation with an existing tenant: Workflow CoWorking & Offices Leipzig has expanded its space by half a floor in the striking City Tower at Augustusplatz 9, securing over 1,600 sqm on a long-term basis. The tenant operates the city's highest coworking space here, offering modern offices, flexible workspaces, and prestigious meeting rooms to everyone from solo freelancers to large corporations—a business model of the future, combined with innovative design and personal support.

The office tower on Augustusplatz is one of the tallest buildings in Leipzig and boasts a first-class city centre location. Directly next to the Gewandhaus Leipzig and opposite the opera house, the location offers excellent visibility and connections. The City Tower is BREEAM-certified and thus fulfils high requirements for sustainable building use. In addition to Coworking & Offices Leipzig GmbH, renowned tenants are also represented. Further information on the property can be found on the website city-tower-leipzig.de.

The property has excellent public transport links with a tram and bus stop and is close to the main railway station. The City Tower is equipped with future-proof fibre optics and has its own security service and modern lifts.

With the long-term extension of the lease, Aroundtown is not only strengthening the loyalty of an established tenant, but also emphasising its position as a reliable partner for suitable properties. Aroundtown is the only company in the sector to provide its tenants with a comprehensive service - including personal contacts on site and a central 24/7 service centre with trained staff who are available around the clock, including at weekends and on public holidays. The new letting once again confirms Aroundtown's high level of market expertise. The company is one of the leading listed property groups in Europe and is listed on the M-DAX.

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), Society of Property Researchers Germany, 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 JP Morgan Chase 10% (date: 02.11.2023). 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