Long-Term New Lease at Aroundtown’s “Theo & Luise” Office Property in Mannheim

Conclusion of a long-term lease for approx. 1,100 sqm of training and office space strengthens Mannheim as a leasing location

Aroundtown has concluded a long-term new lease at the office property “Theo & Luise”, located at Theodor-Heuss-Anlage 12 in Mannheim. Meisterwerk Gesundheit GmbH, an established education provider offering master craftsman courses and specialist seminars in the fields of hearing acoustics and ophthalmic optics, has leased more than 1,100 sqm on a long-term basis and will establish an interdisciplinary campus for these future-oriented healthcare trades.

The “Theo & Luise” office building, located within the city of Mannheim, benefits from direct access to the A5 and A6 motorways via nearby motorway junctions. Frankfurt Airport is easily accessible via Mannheim Central Station, which also offers connections to the ICE high-speed rail routes between Stuttgart and Frankfurt as well as the TGV route between Frankfurt and Paris. Mannheim city centre can be reached within a few minutes by car via the B37. In addition, the “Theo & Luise” property is directly connected to public transport via the “Waldhof” bus and tram stop located immediately in front of the building.

“The excellent accessibility of the property for both our customers and our team, as well as its sustainable and energy-efficient orientation, were decisive selection criteria for us,” say Robert Leitl and Joachim Gast, the two managing partners.

Heating and hot water are supplied in an environmentally friendly manner via district heating. A large photovoltaic system on the roof, electric vehicle charging points in the underground car park, barrier-free access, an in-house café bar and bicycle parking facilities further enhance the service offering at “Theo & Luise”. The park-like green area adjacent to the property provides space for relaxation and recreation. The building’s operation, taking into account environmental, energy and user-related aspects, is BREEAM-certified. BREEAM is an international assessment system for the ecological and socio-cultural aspects of building sustainability.

The long-term new lease underlines Aroundtown’s expertise in the real estate market and confirms the attractiveness of the Mannheim location. Aroundtown provides its new tenant with comprehensive tenant services, including a 24/7 service centre and dedicated personal contacts. As one of Europe’s leading listed real estate groups, Aroundtown achieves sustainable value creation through stable tenancy structures and reliable rental models.

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.

In collaboration with the ZIA, Aroundtown is actively committed to promoting innovation and the future viability of the real estate industry.

www.aroundtown.de