Successful transformation to multi-tenant office building in Rotterdam Aroundtown’s Lichtenauerlaan 102-120 now fully let

Successful transformation to multi-tenant office building in Rotterdam

Aroundtown’s Lichtenauerlaan 102-120 now fully let

The office building Lichtenauerlaan 102-120 in Rotterdam successfully signed several new tenants for a total of 1.800 sqm: IT service provider Arcus IT, the Recruiter Maandag, the real estate developer NovaForm as well also the insurance company VMD Koster signed long-term lease contracts for office space.

The asset has successfully completed the transformation from a single-tenant to a multi-tenant office building and is now fully let on a long-term basis.

The 6-storey building constructed in 2000 is a totally renovated with private closed parking located in the representative office park Rotterdam Brainpark II. The building has been awarded with the BREEAM In Use sustainability certificate - one of the leading certificates for sustainable buildings.

The modern office district is characterized by a park-like setting in which several architecture-balanced office buildings are located and is centrally located with the nearby city highway and is close to Erasmus University. The local infrastructure includes extensive shopping areas and fast arterial roads to other cities, major sporting venues including the home of Feyenoord and Excelsior football clubs, and Ahoy, an arena for large-scale events including conferences, exhibitions and shows.

About Aroundtown

Aroundtown is one of Europe's largest real estate companies, MDax 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