Aroundtown concludes long-term lease agreement with educational institution

Direct follow-up lease for almost 1,700 m² in the center of Rostock

With the conclusion of a lease agreement with gfg Gesellschaft für Gesundheitsfachberufe gGmbH (gfg) for almost 1,700 m², Aroundtown has succeeded in concluding a direct follow-up lease in the center of Rostock. This means that the property is almost fully let in the long term.

gfg, a state-approved training and further education center, offers training and further education for health professions. The space, which is spread over several floors, will be used by gfg in the future for training and further education operations as well as for its own offices. Aroundtown's asset management team was on hand to advise the company on the planning for the customized expansion of the space. After completion of the conversion work, which has already begun, gfg will be handed over precisely tailored space that optimally suits the company's needs.

The modern office property with attractive design of the outdoor areas is centrally located at Doberaner Strasse 114-116 on the corner of Lohmühlenweg 1,2, in 18057 Rostock and is part of the portfolio of TLG Immobilien AG, a subsidiary of Aroundtown. The surrounding area is a popular and lively neighborhood with a diverse mix of residential, office and retail space, as well as many bars, restaurants and cultural institutions.

About Aroundtown

Aroundtown is Europe's third-largest listed real estate company, committed to sustainable investment 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 and innovation make Aroundtown a reliable partner for growth and success. Aroundtown is a member of the European Public Real Estate Association (EPRA), the German Property Federation (ZIA) and the German Sustainable Building Council (DGNB). (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 6% (date: 29.07.2022). 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