Leasing Success for Aroundtown in Essen: Long-Term Lease of 3,400m² Office Space in BAUMHÖFE at Baumstraße 23, 25

Aroundtown has successfully secured a new long-term lease for the office building at Baumstraße 23, 25. The new tenant is the software and internet company "11 88 0," which already has a presence in the neighborhood and continues to value the location.

The publicly listed company, 11880 Solutions AG, will establish its new headquarters at Baumstraße 23, 25 in Essen. Known for its online marketing services through 11880.com and the leading review platform "werkenntdenBESTEN," 11880 Solutions AG is a trusted partner for tens of thousands of small and medium-sized enterprises. The company also continues to operate the only major telephone directory service in Germany under the same number well beyond 2025. In the new office space, 11880 Solutions AG plans to further drive its successful growth.

Thanks to its central location, excellent infrastructure, and proximity to Rüttenscheider Straße, with its shops, restaurants, and bars, the property at Baumstraße 23, 25 is an attractive location for companies that prioritize a prestigious address and an optimal work environment.

The building boasts excellent accessibility: direct access to the A40 motorway ensures fast and convenient connections in all directions. Essen's main train station and Düsseldorf Airport are also easily reachable within a short time, making the property particularly appealing for businesses with regional and national connections.

The office building stands out not only for its ideal location but also for two modern elevators and an in-house underground parking garage, offering optimal comfort for both employees and visitors. The immediate area features numerous cafés, restaurants, and shopping options, all within walking distance, adding to the overall appeal of the work environment.

Aroundtown also provides its new tenants with comprehensive tenant services, including dedicated on-site contacts and a central 24/7 service center. Staffed by trained personnel, the service center is available to commercial tenants at any time, including weekends and holidays. This extensive tenant service positions Aroundtown at the forefront of the commercial real estate sector. The new leases underscore Aroundtown's expertise in the real estate market and reinforce its role as one of the leading publicly traded real estate companies in Europe.

Further information about the asset: https://baumhoefe-essen.de/

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