:Aroundtown SA
{{Short description|Luxembourg-based real estate company}}
{{multiple issues|
{{notability|Companies|date=September 2018}}
{{primary sources|date=September 2018}}
{{Undisclosed paid|date=January 2021}}
}}
{{Infobox company
| name = Aroundtown SA
| logo = Aroundtown_SA_logo.svg
| type = Société Anonyme
| traded_as = {{FWB|AT1}}
MDAX component
| industry = Real Estate
| successor =
| founded = {{Start date and age|2004}}
| hq_location_city = Luxembourg
| hq_location_country = Luxembourg
| area_served = Germany, Netherlands, London
| key_people = {{plainlist|
- Barak Bar-Hen (CEO)
- Oschrie Massachi (Capital Markets)
- Eyal Ben David (CFO)
- Klaus Krägel (Chief Development Officer)
}}
| products = Office, hotel, residential
| owner =
| assets = €32 billion
| assets_year = September 2012
| num_employees = ~500{{Cite web|url=https://www.aroundtown.de/fileadmin/user_upload/04_investor_relations/downloads/companypresentation.pdf|title=Aroundtown SA Company Presentation|website=www.aroundtown.de}}
| num_employees_year = 2020
| parent =
| website = {{URL|www.aroundtown.de}}
| ISIN = LU1673108939
}}
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.{{Cite web|url=https://www.aroundtown.de/company/|title=Aroundtown SA – Largest German Listed Commercial Real Estate Company|website=www.aroundtown.de}}
History
Aroundtown was founded in 2004 by Israeli-born businessman Yakir Gabay.{{cite news |last1=Karaiskou |first1=Maria |title=Yakir Gabay: The Israeli Cypriot businessman investing billions on the island |url=https://www.cbn.com.cy/article/2023/5/29/714974/yakir-gabay-the-israeli-cypriot-businessman-investing-billions-on-the-island/ |access-date=7 March 2025 |publisher=Cyprus Business News |date=29 May 2023}} The first acquisitions started in the center of Berlin, in neighbourhoods such as Mitte and Charlottenburg.
The company went public on the Euronext Stock Exchange in mid 2015.{{Cite web|url=https://www.dgap.de/dgap/News/corporate/aroundtown-property-holdings-plc-announces-strong-figures-listing-euronext-paris-and-intention-raise-equity-andor-bonds/?newsID=876193|title=Aroundtown Property Holdings Plc. : ANNOUNCES STRONG Q1 2015 FIGURES, LISTING ON EURONEXT PARIS SE AND INTENTION TO RAISE EQUITY AND/OR BONDS|website=www.dgap.de}} By 2019, it was the largest publicly traded real estate company in Germany.{{cite news |last1=Khalaf |first1=Roula |title=TLG/German property: hello to Berlin |url=https://www.ft.com/content/d5b10eb1-23de-3998-afed-cae526db8a86 |access-date=7 March 2025 |publisher=Financial Times |date=2 September 2019}}
Overview
Aroundtown invests in commercial and residential real estate.
The majority of the portfolio is located in the cities of Berlin (25%), Frankfurt, Munich, Cologne, Hamburg, Amsterdam, London and other major European metropolitans. Approximately half of the portfolio is offices, the remaining is primarily hotels and residential.