Office lease renewal in Berlin

Aroundtown extends tenant for the next 10 years

Another successful lease for Aroundtown: In Berlin-Steglitz, a public tenant, the Steglitz-Zehlendorf Health Department, has renewed its lease by 10 years and will remain a tenant in the approximately 1,300 m² office space at Robert-Lück-Str. 5.

The distinct red brick architectural style 7,000 sqm office building was constructed at the beginning of the 20th century and is located in the center of the Berlin district Steglitz.

The property is located around the corner of the Rathaus Steglitz, the district’s municipal hall. The location near the popular shopping mile Schloßstraße is characterized by retail, office and residential development and is optimally connected to public transport. The S-Bahn and U-Bahn station Rathaus Steglitz can be reached within a 5-minute walk. Within a 5-minute drive one can reach the highway A103, which leads to the city highway A100.

About Aroundtown

Aroundtown is Europe's third-largest listed real estate company 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, DAX 50 ESG Index, S&P Europe 350 ESG 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) 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 8.4% (date: 20.12.2022). 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