The last available office space in Essen’s beautiful Berliner Platz has been obtained by the University of Duisburg-Essen. The university secured the final 1,250 sqm located in Berliner Platz’s “Weststadt Towers”. The city center property expansion provides the University of Duisburg-Essen with even more extraordinary space in the heart of the second-largest city in Germany’s Ruhr region.
Aroundtown is Europe’s third-largest real estate firm. Its ability to secure long-term full occupancy in one of Essen’s landmark properties is a major achievement. Berliner Platz is a high-profile location that is next door to Limbecker Straße, a lively pedestrian area. The premier property is not far from Essen’s main train station, providing easy access to employees and students of the University of Duisburg-Essen.
The Weststadt Towers at Berliner Platz 6-8 in 45127 Essen is an office complex made up of three parts. It is approx. 12,300 sqm of office space across 16 floors. The high-rise building at the location is just three minutes from Essen’s main train station. It is a mere five minutes away from the A40 freeway. Meanwhile, Düsseldorf international airport is around 20 minutes away by car. Weststadt Towers can be easily reached by subway as the Berliner Platz station is situated directly in front of the complex. There are also underground parking spaces available for visitor and employee use.
Entrepreneur and investor Yakir Gabay is one of the leading individual investors in Aroundtown. Mr. Gabay controls the Avisco group, which holds 10% of Aroundtown, while Blackrock owns 5% of the company’s shares. In addition, Aroundtown features some of the world’s biggest international investors, including Norges, Vanguard, Allianz SE, BNP Paribas, Japan’s Government Investment Fund, AllianceBernstein, DekaBank, State Street Corporation, Bank of Montreal, and more. Aroundtown’s main bond investors include ECB, GIC, Union Investment, DB, UBS, CS, M&G, Pictet, Credit Agricole, and other major international investors.
Aroundtown is Europe’s third-biggest real estate organization. It prides itself on sustainable investment and is focused on income-generating quality properties. These properties have the potential for value-add in centrally located areas. Although Aroundtown’s focus is mostly in Germany and the Netherlands, it invests in properties elsewhere in Europe.
The company’s portfolio is made up of the office, residential and accommodation properties. Aroundtown is a member of various groups including the European Public Real Estate Association (EPRA), the German Property Federation (ZIA) and the German Sustainable Building Council (DGNB). It was also a signatory of the German Diversity Charter.
Aroundtown has obtained multiple awards over the years, including the EPRA BPR Gold Awards and EPRA sBPR Gold Awards for financial transparency and sustainability reporting. The firm employs hundreds of individuals from all areas. Each employee ensures Aroundtown meets its long-term potential.
