A new member Globalworth family
Aroundtown acquires an 11.8% stake in Globalworth
As leading office investor in the CEE region, we are always looking to further develop our position and gather around us the partners that share the same values and vision. Therefore, we are very glad to announce that the real estate company Aroundtown decided to join us by acquiring an 11.8% stake.
With a commercial real estate portfolio worth more than €13 billion, Aroundtown is the largest and highest rated (BBB+ by S&P) commercial real estate company in Germany and the 4th largest in Europe (based on market cap of €8.6 billion). Its focus is on properties with value-add potential in central locations in top tier cities primarily in Germany and the Netherlands.
"On behalf of the Board, I would like to warmly welcome Aroundtown to the Globalworth family. We are very excited to have attracted the interest of such a large and reputable strategic investor. This investment constitutes a significant vote of confidence in the achievements of the Company so far and its future prospects and we look forward to working closely with Aroundtown in the years to come as we grow the Company in consolidating its position as the leading office investor and the landlord of choice in the CEE region", said Geoff Miller, Chairman of the Board, Globalworth.