The City of Cologne – or Köln, in German – is prolonging its existing lease for a further 5 years for the Rheinisches Studieninstitut GbR. The municipality has leased the property from real estate giant Aroundtown.
Located at Konrad-Adenauer-Str. 13 in 50996 Cologne in the prestigious district of Cologne-Rodenkirchen next to the river Rhine, the space will be used as a regional education and training facility for the long term.
The property located at Konrad-Adenauer-Str. 13 in Cologne-Rodenkirchen, comprises two buildings with a combined leasable area of approximately 15,000 sqm. The main building offers classic office space, the adjacent building is used by the city of Cologne as a training center. The property is well situated in terms of transport and has a connection to the A4 freeway. Bus and light rail stops are located approx. 600 m from the property. Tenants and customers appreciate the sufficient parking spaces available.
Cologne is one of Germany’s largest and most diverse cities to explore, with the Cologne Cathedral, 12 other great Romanesque churches, its many world-renowned museums, and the vibrant Belgian Quarter. In addition, its university is one of the oldest and largest in Europe.
Aroundtown is the largest commercial real estate company in Germany and 4th largest in Europe, according to market cap. The company’s business strategy is based on buying, repositioning and optimizing office and hotel properties. Aroundtown invests in income generating quality properties that have potential for value-add in central locations in Europe, mainly top tier cities and metropolitan locations in Germany, the Netherlands and the United Kingdom.
Aroundtown SA was developed by Yakir Gabay before it became publicly traded a decade later in 2015. The real estate giant currently trades on the Frankfurt Stock Exchange and has successfully secured its’ placement as the largest listed and highest rated German commercial real estate company. Its IPO is considered the most successful in European real estate in the last 3 years.
Avisco (controlled by Yakir Gabay יקיר גבאי) 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.
Aroundtown has become one of Europe’s most well-capitalized companies, holding the highest S&P rating for German commercial real estate. The main bond investors include ECB, GIC, Union Investment, DB, UBS, CS, M&G, Pictet, Credit Agricole and many other major institutional investors.
