TLG IMMOBILIEN AG, a subsidiary of Aroundtown SA, achieves long-term full occupancy in the Theo & Luise office complex in Mannheim by signing new tenants and extending leases for a total of

TLG IMMOBILIEN AG (TLG), a subsidiary of Aroundtown SA, has signed two new leases for a total of ca. 4,700 sqm of office space with BARMER and ACTAQUA GmbH in the Theo & Luise office complex at Theodor-Heuss-Anlage 12 in Mannheim. Thanks to active asset management, two additional existing leases for a total of 5,800 sqm were extended with Euromaster GmbH and Camelot Management Consultants AG. With these contracts for a total of approx. 10,500 sqm, the office complex is now fully leased in the long term.

The modernized office building "Theo & Luise" at Theodor-Heuss-Anlage 12 in 68165 Mannheim, has more than 25,000 sqm of office space. The location has excellent transport links to the A5 and A6 freeways in the region via the nearby freeway access roads and has rail connections to Frankfurt Airport as well as to the Stuttgart-Frankfurt ICE line and the Frankfurt-Paris TGV line. Mannheim's city center can be reached in a few minutes via the B37. A bus and streetcar stop are located directly in front of the building. The property is located in the immediate vicinity of Mannheim City Airport and the Carl Benz Stadium. Theo & Luise offers modern, bright and flexible office space. The office building includes around 400 parking spaces. The property offers a high quality of stay due to the surrounding gardens and nearby parks.

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.