TLG Immobilien AG, a subsidiary of Aroundtown, signs long-term lease for an office property in Hamburg with MacGregor Germany GmbH & Co. KG

TLG Immobilien AG, an Aroundtown subsidiary, completed the signing of a long-term lease for over 8 years with MacGregor Germany GmbH & Co. KG, a maritime provider of cargo and load handling equipment, services cover over 2,000 sqm.

TLG’s ability to attract new tenants over the long-term is testament to its asset management capabilities and the strong asset quality. Aroundtown is the major shareholder of TLG and holds a stake of ca. 80% .

The 23k sqm property is located in the west of Hamburg. The property situated on Bertrand-Russel-Str 3, 5 / Max-Born-Str 2, 4, 22761 Hamburg lies in one of Hamburg’s prime business districts, Altona, close to the highways A7, which runs through Germany from North to South, and B431 providing good connectivity to the city, international airport and surrounding region. The surrounding business park includes many high-tech research facilities, including the DESY national research center.

TLG is controlled by Aroundtown SA. The Group invests in income generating quality properties that have potential for value-add in central locations mainly in Germany and the Netherlands. 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 bonds and perpetual notes investors include ECB (European Central Bank), GIC (Singapore), Swiss National Bank, Union Investment, DWS (Deutsche Bank), UBS, Credit-Suiss, M&G, Pictet, Credit Agricole and many other major institutional investors.