Aroundtown retains the Rheinisches Studieninstitut für kommunale Verwaltung in Cologne for approx. 3,000 sqm of office space for further 5 years

The Rheinisches Studieninstitut für kommunale Verwaltung (Rhenish Study Institute for Municipal Administration) in Cologne is prolonging its existing lease with Aroundtown for a further 5 years. Aroundtown thus convinces the municipal operators and continues to bind it to the location at Konrad-Adenauer-Str. 13 in 50996 Cologne in the prestigious district of Cologne-Rodenkirchen next to the river Rhine for the long term. The space will be used as a regional education and training facility.

The property located at Konrad-Adenauer-Str. 13 in Cologne-Rodenkirchen, comprises two buildings with a combined leasable area of approximately 15,000 sqm. The main building offers classic office space, the adjacent building is used as a training center. The property is well situated in terms of transport next to the A4 freeway. Bus and tram stops are located approx. 600 m from the property.

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.