Aroundtown announces completion of new logistics hall fully let on a long-term basis:

Successful further development in the industrial park in Kassel at Henschelplatz

The new logistics and storage hall construction at Henschelplatz 1 in the Kassel Mittelfeld industrial park has been successfully completed. With its completion in June 2024, Aroundtown's experts have reached another milestone in the ongoing development of the site. Aroundtown is aiming to achieve DGNB Gold certification for the hall in the future and is looking into installing a photovoltaic system. This is the third new building Aroundtown has successfully completed at the site.

Prior to the start of the construction, 100% of the space has been pre-let, which clearly demonstrates the high demand and attractiveness of the new hall space at the site. A total of approx. 11 thousand sqm was created on the site together with the construction company Goldbeck and let on a long-term lease to a Rheinmetall Group company and another new tenant. The handover to the tenants has already taken place.

Kassel Mittelfeld Industrial Park offers opportunities for densification in the areas of office, production, logistics and storage space. Continuous investment in the infrastructure and modernization of the site will increase the long-term attractiveness of the location for national and international industrial and commercial companies. More than 30 well-known German and international industrial companies from the vehicle, mechanical and plant engineering sectors with around 2,500 employees have already settled on the fully developed industrial park with a total area of over 600,000 sqm. The site thus also contributes to the economic strength of the Kassel region.

Further information: https://industriepark-kassel-mittelfeld.de/

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