Aroundtown successfully extends contract for around 10,000 sqm of office space with long-standing existing IT tenant Fiducia & GAD IT AG for a further 5 years in Berlin-Prenzlauer Berg, ensu

Aroundtown successfully extends the lease agreement with the renowned IT company Fiducia & GAD IT AG for approximately 10,000 sqm for a further five years at Storkower Strasse 111 in Berlin-Prenzlauer Berg. The property continues to be fully leased to a strong tenant and once again demonstrates Aroundtown's asset management qualities to retain tenants over the long term.

Storkower Strasse 111 is an established, inner-city office location in Berlin-Prenzlauer Berg. Excellent public transport connections are provided by the Greifswalder Strasse and Landsberger Allee S-Bahn stations, which are within walking distance, two bus lines and several streetcar lines. The Ostbahnhof long-distance train station is about a 10-minute drive from the property, and from here you can reach the new BER airport in about 25 min. The approx. 10,000 m², 7-story property also has sufficient parking spaces and offers efficient and flexibly usable areas.

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.