Aroundtown leases an additional 3,000 sqm of office and logistics space to VINCORION in Wedel, outside Hamburg

Aroundtown has successfully extended its lease agreement with VINCORION Advanced Systems GmbH at Feldstraße 155 in Wedel, outside Hamburg, adding a further 3,000 sqm to the existing lease of around 28,000 sqm of space. The decision to expand the space underscores the attractiveness of the location and VINCORION's confidence in its long-term partnership with Aroundtown. Among other things, the location offers impressive tailor-made facilities, including a company canteen.

VINCORION is a leading technology company focusing on innovative energy systems in safety-critical applications, including generators, electric motors and drives, power units, power electronics, and hybrid energy systems. The company is thus strengthening its ties to its headquarters, which has specialized production, storage, and office space as well as workshops and offers optimal conditions for the company's demanding requirements.

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, the Netherlands and London. 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 the Dow Jones Best-in-Class 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), the UN Global Compact Network Germany, Supporting member of the Society of Property Research (gif) as well as a signatory the 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 Stumpf Capital GmbH 10% (date: 13.11.2023). Other shareholders include Blackrock, Norges, Vanguard, BNP Paribas, AXA, Alliance-Bernstein, APG, Dekabank, State-Street, Bank of Montreal and many other leading international investors. The main bond investors include ECB, GIC, Union Investment, DB, UBS, Nordea, Allianz, M&G, Pictet, Credit Agricole and many other major institutional investors.

www.aroundtown.de