Misplaced Pages

#110889

21-416: The company has annual net rent of €560 million and is distributing annual dividends of around €138 million. As of December 2019, the company’s asset value is €11 billion and equity €5 billion. The net profit in 2019 was €493 million and €340 million in 1-9/2020. The largest single shareholder with 40% is Aroundtown SA , which is 10% owned by Yakir Gabay . The company's portfolio is focused on properties in

42-456: Is Alexanderplatz with the prominent Fernsehturm (TV tower), Germany's highest building, and the large railway station with connections to many subway ( U-Bahn ), tramway ( Berlin trambahn ), city trains ( S-Bahn ) and buses. There are some important streets which connect Mitte with the other boroughs, e.g. the boulevard Unter den Linden which connects Alexanderplatz to the west with Brandenburg Gate and runs further as Straße des 17. Juni to

63-526: Is included in the MDAX index. The company trades with at ticker "AT1" and has a full market cap of around €10 billion. Aroundtown is managed by the management board, and is led by the Co-CEO Barak Barchen, head of capital markets Oschrie Massachi, Chief Development Officer Klaus Krägel and CFO Eyal Ben David. The chairman of the advisory board is Gerhard Cromme, who served in past positions as

84-575: Is one of the two boroughs (the other being Friedrichshain-Kreuzberg ) which were formerly divided between East Berlin and West Berlin . Mitte encompasses Berlin's historic core and includes some of the most important tourist sites of Berlin like the Reichstag and Berlin Hauptbahnhof , Checkpoint Charlie , Museum Island , the TV tower , Brandenburg Gate , Unter den Linden , Potsdamer Platz , Alexanderplatz ,

105-695: Is the name of the biggest urban park in Mitte, located in the same-named locality . Tiergarten Park was established as a hunting ground in the 16th century by the Prussian kings. Today it is enclosed by densely built-up areas by Hansaviertel and Moabit in the north, the Government District in the east and the City West and the Embassy Quarter in the southwest. Many cultural monuments and memorials are located in

126-617: Is €17 billion and funds from operations (FFO1) guidance for 2020 calendar year is above €500 million. The net profit in 2019 was €1.7 billion. The current global rating is BBB+ by S&P . This credit rating is due to the business profile and the conservative financial policy with loan-to-value (LTV) of 34%. Over the last 5 years the company has raised over €20 billion in equity and bonds between 2015–2020, working with global banks such as JPM , BAML , DB , GS , MS , Citibank , UBS , SocGen , Nomura, Santander, Barcleys, CS, HSBC, RBC and others. The majority of

147-638: The Victory Column and the centre of former West Berlin in Charlottenburg , or Karl-Marx-Allee from Alexanderplatz to Friedrichshain and the eastern suburbs. The former Mitte district had been established by the 1920 Greater Berlin Act and comprised large parts of the historic city around Alt-Berlin and Cölln . Brandenburg Gate was the western exit at the Berlin city boundary until 1861. Between 1961 and 1990,

168-963: The Company is listed on the Frankfurt Prime Standard and is included in the MDAX index , at a share price of €20 and market cap of €3.6 billion. The Company’s IPO is considered the most successful in the Frankfurt Stock Exchange in the last decade, with a 8 fold increase in share price within 8 years. Aroundtown SA 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

189-600: The Netherlands. 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. The company's total asset value is €32 billion, total equity value

210-761: The Tiergarten Park, like the Siegessäule , the Soviet War Memorial and a historic rose garden. The Memorial to the Murdered Jews of Europe , the biggest victim group of the Nazi dictatorship, is located on the east side of the park, near the Brandenburg Gate and near the place where Hitler's New Reich Chancellery once was. The Kulturforum was built in the 1950s and 1960s at the edge of West Berlin , after most of

231-594: The area's East Berlin portion was surrounded by the Berlin Wall on the north, south and west. There were some border control points, the most notable of which was Checkpoint Charlie between Kreuzberg and Mitte, which was operated by the United States Army and was open to foreigners and diplomats. Two other checkpoints were at Heinrich-Heine-Straße/ Prinzenstraße east of Checkpoint Charlie, open to citizens of West Germany and West Berlin and on Invalidenstraße in

SECTION 10

#1733094432111

252-424: The borough had a population of 322,919, of whom 144.000 (44.5%) had a migration background. In the former West Berlin areas of Wedding, Gesundbrunnen and Moabit, foreigners and Germans of foreign origin compose nearly 70% of the population, while in Mitte proper the share of migrants is relatively low. The immigrant community is quite diverse, however, Turks , Africans , Eastern Europeans and East Asians form

273-416: The chairman of Siemens and ThyssenKrupp , as well as member on the boards of Lufthansa , Allianz , BNP Paribas , E.ON , Volkswagen and Axel Springer . Mitte Mitte ( German: [ˈmɪtə] ) is the first and most central borough of Berlin . The borough consists of six sub-entities: Mitte proper , Gesundbrunnen , Hansaviertel , Moabit , Tiergarten and Wedding . It

294-643: The largest groups. The governing body of Mitte is the borough assembly ( Bezirksverordnetenversammlung ). It has responsibility for passing laws and electing the borough administration, including the mayor. The most recent borough assembly election was held on 26 September 2021, and led to a coalition between the Greens and the social democrats. ( Zählgemeinschaft ) Stephan von Dassel (Greens, 2021-2022) 30/55 28/55 28/55 32/55 The 2021 results were as follows: The borough mayor ( Bezirksbürgermeister )

315-750: The latter six of which were in former East Berlin. Mitte ( German for "middle", "centre") is located in the central part of Berlin along the Spree River. It borders on Charlottenburg-Wilmersdorf in the west, Reinickendorf in the north, Pankow in the east, Friedrichshain-Kreuzberg in the southeast, and Tempelhof-Schöneberg in the southwest. In the middle of the Spree lies Museum Island ( Museumsinsel ) with its museums, Berlin Cathedral ( Berliner Dom ) and Berlin Palace ( Berliner Schloss ). The central square in Mitte

336-463: The metropolitan areas in the state of North Rhine-Westphalia and the cities of Berlin , Dresden , Leipzig , Hamburg and London. The European Public Real Estate Association EPRA has awarded Grand City Properties S.A. the Gold Award for sustainability. In addition, the company was awarded the first place in the category "outstanding contribution to society", in which the outstanding tenant service

357-740: The north on the border with the West Berlin Tiergarten district (the present-day Moabit locality). The government district is located in the locality of Tiergarten around the Reichstag Building. Most institutions of the German government have their seat at the Regierungsviertel Many embassies and the Federal Ministry of Defence in the historic embassy quarter in the south of the Tiergarten Park . Großer Tiergarten

378-703: The once unified city's cultural assets had been lost behind the Berlin Wall . The Kulturforum is characterized by its innovative modernist architecture; several buildings are distinguished by the organic designs of Hans Scharoun , and the Neue Nationalgalerie was designed by Mies van der Rohe , albeit originally as a private house. Among the cultural institutions housed in and around the Kulturforum are: The present-day borough of Mitte consists of six localities: (the former Mitte borough) (the former Tiergarten borough) (the former Wedding borough) As of 2010 ,

399-747: 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 (through 40% holdings in Grand City Properties). Aroundtown owns over 170 hotels, mainly in Germany and other major European metropolitans. The company owns hotels such as Hiltons in Berlin/London/Dublin/Edinburgh, Interconti Frankfurt, Sheraton Rome, Marriot Paris, Crown Plaza Berlin and Mercure Munich. The Group's business activity

420-499: Was acknowledged. 2017 for the first time, the company has published a sustainability report and in 2018 an EPRA report. Grand City Properties S.A. business activity was founded by Yakir Gabay in 2004. The first residential acquisitions started in the center of Berlin. The company’s stock was listed on the Frankfurt Stock Exchange in mid 2012 at a price per share of €2.7 and market cap of €150 million. As of December 2020,

441-535: Was founded in 2004 by Israeli Yakir Gabay , who is 10% shareholder. 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 at a price per share of €3.2 and market cap of €1.5 billion. As of mid 2018, the company is listed on the Frankfurt Prime Standard and

SECTION 20

#1733094432111
#110889