Aroundtown lets 28,300 sqm of office and logistics space: VINCORION extends long-term lease in Wedel , outside of Hamburg

Aroundtown has successfully extended its lease with VINCORION Advanced Systems GmbH at Feldstraße 155 in Wedel outside of Hamburg on a long-term basis. This lease extension ensures that the company continues to secure 28,300 sqm at this central production and administrative location.

VINCORION is a leading technology company specialising in innovative energy systems for safety-critical applications, including generators, electric motors and drives, power units, power electronics and hybrid energy systems. The industrial complex in Wedel, with specialised production, storage and office space as well as workshops, is located in an established industrial area. The location offers optimal conditions for VINCORION, as the company has its headquarters here and benefits from tailored facilities such as a company canteen. The contract extension underlines the attractiveness of the location and the tenant's confidence in the continued cooperation with Aroundtown.

Aroundtown provides a comprehensive tenant service offering, including personal on-site contacts and a 24-hour service centre. These services, which are also available at weekends and on public holidays, ensure a high level of tenant satisfaction.

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