Long-term new lease at Astropark in Frankfurt/Main

TLG, a subsidiary of Aroundtown, wins Standard Life for approx. 2,000 sqm in Astropark in the Lyoner Quartier

TLG IMMOBILIEN AG, a subsidiary of Aroundtown, has signed a long-term lease with life insurance group Standard Life for approximately 2,000 sqm of office space in Astropark in Frankfurt-Niederrad. The company is thus relocating its headquarters within the Lyon Quarter after almost 20 years.

Astropark in Frankfurt's Niederrad district, not far from the southern bank of the Main, is conveniently located and offers quick access to Frankfurt city center, the trade fair, the airport and the A5 motorway. With its striking, star-shaped architecture, embedded in park-like greenery, the location in the Lyoner Quartier offers optimal space for national and international companies and impresses with its prestigious lobby, 24/7 reception, café-bar and lunch restaurant. Tenants also benefit from high-quality furnishings and fittings. The property is LEED Gold certified. LEED (Leadership in Energy and Environmental Design) is the most widely used certification process in the world. Green building certificates have become very important for the market.

For more info about the asset visit https://astropark-frankfurt.de/

About Aroundtown

Aroundtown is Europe's third-largest real estate company, focusing on sustainable investments and high-yield, quality properties with appreciation potential in central and attractive locations, primarily in Germany and the Netherlands. The portfolio comprises mainly hotel, office and residential 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) 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 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.

www.aroundtown.de