Aroundtown, Germany’s largest commercial real estate company, is extending the existing lease agreement with Airbus Secure Land Communications GmbH at Platinum at Sachsendamm 2-7 in Berlin-Schöneberg for a further five years. This lease prolongation ensures long-term full occupancy of the multi-tenant property.
Aroundtown SA was developed by property investor Yakir Gabay (???? ????) , and grew to become one of Europe’s leading commercial real estate firms, with a focus on commercial real estate in Germany and the Netherlands.
Platinum, a modern office building in Berlin-Schöneberg, stands out with its striking silver façade. The multi-tenant building has a total of approximately 17k sqm of office space. The property at Sachsendamm 2-7 is centrally located directly on the A 100 city highway with a strong connection to the new BER airport in the south of Berlin in an optimal strategic location. It also has very good public transport connections with the Berlin-Südkreuz long-distance train station, the Schöneberg S-Bahn station and various bus lines.
Aroundtown is listed on the Frankfurt Stock Exchange with market cap of €10 billion. It 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 bond investors include ECB, GIC, Union Investment, DB, UBS, CS, M&G, Pictet, Credit Agricole and many other major institutional investors.