Letting success for Aroundtown in Düsseldorf:

Long-term full letting for office building on Erkrather Strasse

Aroundtown, one of the leading listed real estate groups in Europe and part of the M-Dax, has successfully concluded a long-term lease for a term of 10 years for the office building at Erkrather Strasse 345-349 in Düsseldorf. The new tenant is Forum Multi-Kulti gGmbH, which works together with its umbrella organization Multikulturelles Forum e.V. to promote social participation, equal opportunities and cultural diversity. With this new letting, the property remains fully let, further underlining the attractiveness and importance of the location.

The office building in Erkrather Straße is characterized by excellent transport connections. With numerous bus, S-Bahn and streetcar stops in the immediate vicinity, the office property has excellent connections to Düsseldorf city center. The quick accessibility of the A3, A46 and A59 highway connections makes the location even more popular. Combined with the building's modern facilities, this creates an ideal setting for companies in a present and accessible location.

This letting success underlines Aroundtown's expertise in the real estate market. The long-term commitment of Forum Multi-Kulti gGmbH as a tenant also confirms the outstanding quality of service Aroundtown offers. Aroundtown sets itself apart from other companies in the commercial real estate sector with its comprehensive tenant services, including personal contacts on site and a central 24/7 service center with trained staff available to commercial tenants around the clock. These aspects are crucial for tenant satisfaction and retention, which in turn further consolidates Aroundtown's leading role in the real estate industry.

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