Aroundtown SA
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Company type | Société Anonyme |
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FWB: AT1 SDAX component | |
ISIN | LU1673108939 |
Industry | Real Estate |
Founded | 2004 |
Headquarters | , Luxembourg |
Area served | Germany, Netherlands, London |
Key people |
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Products | Office, hotel, residential |
Total assets | €32 billion (September 2012) |
Number of employees | ~500[1] (2020) |
Website | www |
Aroundtown SA (former Aroundtown Property Holdings Plc) is a publicly listed real estate company, registered in Luxembourg. It invests in commercial and residential properties in central locations in European cities primarily in Germany and the Netherlands.[2]
Company
Aroundtown invests in commercial and residential real estate. The commercial properties are held by Aroundtown, and in addition Aroundtown holds a substantial interest (40%) in Grand City Properties S.A. ("GCP"), a publicly traded real estate company that focuses on investing predominantly in the German residential real estate market.[2]
The company's total asset value is €32 billion, total equity value is €17 billion and funds from operations (FFO1) guidance for 2020 calendar year is above €500 million.[1] The net profit in 2019 was €1.7 billion.[1] The current global rating is
Over the last 5 years the company has raised over €20 billion in
The majority of the portfolio is located in the cities of Berlin (25%), Frankfurt, Munich, Cologne, Hamburg, Amsterdam, London and other major European metropolitans.[1] Approximately half of the portfolio is offices, the remaining is primarily hotels and residential (through 40% holdings in Grand City Properties).[1] Aroundtown owns over 170 hotels, mainly in Germany and other major European metropolitans.[1] The company owns hotels such as Hiltons in Berlin/London/Dublin/Edinburgh, Interconti Frankfurt,[4] Sheraton Rome, Marriot Paris, Crown Plaza Berlin[5] and Mercure Munich.[1]
History
The Group's business activity was founded in 2004 by Israeli Yakir Gabay, who is 10% shareholder.[6] The first acquisitions started in the center of Berlin, in neighbourhoods such as Mitte and Charlottenburg.
The company's stock was listed on the Euronext Stock Exchange in mid 2015[7] at a price per share of €3.2 and market cap of €1.5 billion.[8] As of mid 2018, the company is listed on the Frankfurt Prime Standard and is included in the MDAX index.[9] The company trades with at ticker "AT1" and has a full market cap of around €10 billion.[10]
Management
Aroundtown is managed by the management board, and is led by the
References
- ^ a b c d e f g h i "Aroundtown SA Company Presentation" (PDF). www.aroundtown.de.
- ^ a b "Aroundtown SA – Largest German Listed Commercial Real Estate Company". www.aroundtown.de.
- ^ "Rating – Aroundtown SA – Largest German Listed Commercial Real Estate Company". www.aroundtown.de.
- ^ Kingston, Charles (June 19, 2018). "Aroundtown features in prominent German hotel deals". REFIRE.
- ^ "Buying German Real Estate is This Company's Winning Strategy". Bloomberg.com. 2 February 2018.
- ^ "Aroundtown SA – Largest German Listed Commercial Real Estate Company". www.aroundtown.de.
- ^ "Aroundtown Property Holdings Plc. : ANNOUNCES STRONG Q1 2015 FIGURES, LISTING ON EURONEXT PARIS SE AND INTENTION TO RAISE EQUITY AND/OR BONDS". www.dgap.de.
- ^ Aroundtown Property Holdings euronext.com Archived 2018-09-29 at the Wayback Machine
- ^ AG, aktiencheck de. "Aroundtown-Aktie: Aroundtown wird in den MDAX aufgenommen – Kaufvotum bestätigt! Aktienanalyse (First Berlin) | Aktien des Tages | aktiencheck.de". www.aktiencheck.de.
- ^ "Frankfurt Stock Exchange: Quotes, Charts and News".
- ^ "Zusammenschluss: Aroundtown und TLG Immobilien verkünden Vorstand für gemeinsamen Konzern". www.handelsblatt.com (in German). Retrieved 2020-12-28.
- ^ "Oschrie Massatschi, Aroundtown SA: Profile and Biography". Bloomberg.com. Retrieved 2020-12-28.
- ^ Köln, Immobilien Manager Verlag IMV GmbH & Co KG, Rudolf Müller Mediengruppe. "Aroundtown: Neuer Vorstand". www.immobilienmanager.de (in German). Retrieved 2020-12-28.
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: CS1 maint: multiple names: authors list (link) - ^ "Management/Board – Aroundtown SA – Largest German Listed Commercial Real Estate Company". www.aroundtown.de.