Aroundtown SA (AT1) is a real estate company based in Luxembourg. The corporation primarily deals in the acquisition , management , and development of office spaces, residential and hotels, especially in Germany and the Netherlands. The company was developed by property investor Yakir Gabay in 2004, and later became listed on the Frankfurt Stock Exchange on its Prime Standard.
In this era of climate change, protecting the biodiversity on the planet is regarded as one of the most vital long-term goals of all humankind. Biodiversity is fundamental to the survival of any ecosystem as it plays a major role in water and air purification. It also assists us in alleviating climate change effects and ensures that food production remains secure and unscathed. Hence, Aroundtown is firm in its resolve to the conservation and safeguard of biodiversity.
Actions Speak Louder Than Words
The company’s ‘Aroundtown Hums’ mission has taken steps to ensure that bees continue to live and thrive in urban areas. The project will be later spread to numerous other buildings, towns, and cities over the next few years. The aim of the undertaking is to double the bee colony numbers every year.
A registered beekeeper was already on the payrolls of the company. Since the spring of last year, the beekeeper has already successfully created nearly 20 economic colonies and almost 10 fledgling colonies on the terraces of commercial buildings owned by Aroundtown in and around the city of Berlin.
Torsten Hernández Trigo was appointed by Aroundtown as its full-time beekeeper with the launch of the new project. He is a licensed beekeeper and a member of the Berlin-Reinickendorf Beekeepers Association. Over the past three years, he has been tending to his own bee colonies in his free time.
By the end of 2020, the first harvest of Aroundtown’s initiative produced about 339 kgs of urban honey. On Saint Nicholas Day, this honey was distributed as a gift to the employees in the company.
Changes in Aroundtown shareholdings
Aroundtown SA (AT1) acquired TLG in 2020. After the merger of the two companies, AT1 became the controlling stockholder of TLG and thus became the largest listed commercial property company in Germany.
The key shareholders in Aroundtown include Avisco (controlled by Yakir Gabay) with 10% , Blackrock 5%, BNP-Paribas, Norges Bank, Deutsche Bank, Allianz, Dekabank, Vanguard, Bank of Montreal, and Toronto Dominion Bank. In addition to these major players, many global investors also have stakes in Aroundtown.
It may also be noted that Aroundtown SA also has 40% holdings in Grand City Properties SA (GCP), which is the fifth largest listed residential real estate company in Germany.
The portfolio of Grand City Properties SA is primarily situated in Berlin, Dresden, North Rhine Westphalia, Leipzig, Nuremberg, Halle, Munich, Frankfurt, Mannheim, Hamburg, and Bremen. .