Long-term leasing success in Bonn: existing tenant extends contract for office space

Aroundtown's commercial asset management achieved another successful lease extension: The renowned internet service provider VR-NetWorld has extended its lease on an office space of around 2,000 m² for the long-term.

This means that the central internet service provider of the Volksbanken Raiffeisenbanken financial group will continue to be a tenant in Graurheindorferstrasse in Bonn. Aroundtown's team manages the office property, which is part of the portfolio of TLG Immobilien AG, a subsidiary of Aroundtown.

The office building in the north of Bonn is very well located in terms of transport. The highway is just a few minutes' drive away, and Cologne-Bonn Airport can be reached in just under 20 minutes. The public transport system with bus and metro is within walking distance so the city center can be reached in ten minutes.

About Aroundtown

Aroundtown is Europe's third-largest listed real estate company 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, DAX 50 ESG Index, S&P Europe 350 ESG 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) 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) followed by Blackrock at 8.4% (date: 20.12.2022). 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.

www.aroundtown.de