Aroundtown SA Aroundtown SA 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 .Company Aroundtown invests in commercial and residential real estate . The commercial properties are held by Aroundtown, and in addition Aroundtown holds a substantial interest in Grand City Properties S.A., 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 €25 billion, total equity value is €13 billion and funds from operations guidance for 2019 calendar year is above €500 million. The net profit in 2018 was €1.8 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 of 34%. Over the last 5 years the company has raised nearly €17 billion in equity and bonds between 2015–2019, working with global banks such as JPM , BAML , DB , GS , MS , Citibank , UBS , SocGen . The majority of the portfolio is located in the cities of Berlin , 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. Aroundtown owns over 150 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, Crown Plaza Berlin and Mercure Munich. The largest single shareholders of Aroundtown SA are TLG Immobilien with 15% and Yakir Gabay with 12%. The remaining shareholders are international institutional investment managers such as BlackRock , Vanguard , Fidelity , Allianz , BNP , Dekabank , JP Morgan , Union Investment , Janus Henderson and others.History The Group's business activity was founded in 2004 by Yakir Gabay, who is 12% 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 is included in the MDAX index. The company trades with at ticker "AT1" and has a full market cap of around €10 billion.Management Aroundtown is managed by the board, and has been led in the last decade by the CEO Shmuel Mayo and CFO Eyal Ben David . The chairman of the advisory board is Gerhard Cromme, who served in past positions as the chairman of Siemens and ThyssenKrupp , as well as member on the boards of Lufthansa , Allianz, BNP Paribas , E.ON, Volkswagen and Axel Springer .
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