Aroundtown prolongs lease with the single tenant for an additional 10 years at the office asset located in the prime center of Berlin near Checkpoint Charlie

Aroundtown has successfully extended the lease agreement with the single tenant for the office property near Checkpoint Charlie for approx. 7,000 sqm and secures full occupancy of the building. The lease extension for a period of 10 years with a strong tenant highlights the quality of the asset, while also reflecting the efficiency of Aroundtown’s asset management.

The property is situated in the prime center of Berlin, next to the historic landmark Checkpoint Charlie and close to Potsdamer Platz. Due to its central location the property benefits from excellent public transport connections, with several subway and S-Bahn stations within walking distance.

About Aroundtown

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.