Aroundtown SA

Aroundtown SA was founded in Luxembourg and is a real estate investment company focused on commercial and residential assets. The company also owns 39% of Grand City Properties S.A., a company that invests in residential properties across Germany. For its projects, Aroundtown SA selects properties that present value added potential in central locations in popular cities, primarily in Germany and the Netherlands, and generates income through asset repositioning, increasing cash flow, quality, and value. Aroundtown SA projects include an office tower near the Frankfurt main central train station, the conversion of 18k square meters of parking space near the Hilton Berlin into prime office space and high-end mixed use of residential condos. In Q1 of 2019, the company reported a robust net rental income of €178 million, representing an increase of 28%. Aroundtown SA also reported that its portfolio size is nearing €15 billion, consisting of primarily office and hotel assets, of which approximately 90% are located in German top tier cities such as Berlin, Cologne, Frankfurt, Hamburg and Munich. Track this instrument for more updates and news on the current AT1.DE value.