Largest lease agreement in the Ruhr metropolitan region: Aroundtown signs new long-term lease for approximately 11,000 sqm of office space at Hohenzollernstraße 24 in Essen

Aroundtown has successfully secured a new tenant at Hohenzollernstraße 24 in Essen, bringing on board a significant player in the IT and telecommunications industry. The long-term lease for the extensive office space covers a total of nearly 11,000 m², marking the largest office lease transaction in the Ruhr metropolitan region this year. The entire property will remain fully leased on a long-term basis.

Cushman & Wakefield was exclusively mandated by the tenant and acted as an advisor throughout the process.

The office building is situated in the desirable southern district of Essen, in close proximity to the main train station, offering excellent access to the city’s transport network. It boasts modern amenities, including an on-site canteen available to tenants.

Despite the challenging market environment, Aroundtown succeeded in attracting a well-known and long-term tenant, underscoring the property’s appeal and quality. The decision to lease this location further strengthens Aroundtown’s position as a leading provider of commercial real estate in prime locations and highlights the company’s ability to offer tailored, long-term solutions to tenants.

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), 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 Stumpf Capital GmbH 10% (date: 13.11.2023). 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