Aroundtown leases around 1,500 m² of office space in Feldkirchen near Munich to the municipality Upper Bavaria

Aroundtown is leasing around 1,500 m² of office space at Dornacher Strasse 3 in Feldkirchen near Munich to IT des Bezirks Oberbayern GmbH for 15 years. The new space will be occupied by IT des Bezirks Oberbayern GmbH - a subsidiary of the district of Upper Bavaria and the clinics of the district of Upper Bavaria - which previously operated at the Lehel and Haar locations. With a clear focus on customer satisfaction through a customized build-out of the space, Aroundtown has succeeded in securing the long-term commitment of the new tenant for 15 years.

The modern building at Dornacher Strasse 3, 3a-d in Feldkirchen has a total of approx. 24,400 m² of office space with very efficient floor plans distributed over three upper floors. There is an underground parking garage and outdoor parking spaces. The property is located directly at the eastern city limits of Munich, not far from the Munich Trade Fair Center, with excellent connections to the A94 and A99 motorways and to the Feldkirchen S-Bahn station with connections to the airport and to downtown Munich.

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.