Kassel: AURELIUS Real Estate Opportunities Lets 1,500 Square Metres to Auditing and Law Firm Ludewig + Sozien
- Anchor tenant of the centrally located property at Fünffensterstraße 6 is the renowned auditing and law firm of Prof. Dr. Ludewig + Sozien
- Tenant retained long-term on ten-year lease
- Refurbishment measure in planning
Kassel, 7 July 2021. AURELIUS Real Estate Opportunities (AREO), the Luxembourg-based property-arm of the AURELIUS Group, just let more than 1,500 square metres of office space to the prestigious auditing and law firm of Prof. Dr. Ludewig + Sozien for a ten-year term plus a renewal option. During the negotiations, AREO was exclusively advised by AUREPA Advisors AG. The rental units are located in the inner city of Kassel at Fünffensterstraße 6. AREO had acquired the office building, which has a total lettable area of about 2,100 square metres, just weeks ago, and will invest in refurbishments in the months ahead. Prof. Dr. Ludewig + Sozien, a law firm providing audit, tax and legal advisory services, intends to expand its premises at its head office in Kassel.
Jan Rehbock, Founding Partner of AURELIUS real estate group, commented: “Our corporate strategy focuses on the close coordination with tenants to develop rental units in a collaborative effort. In Kassel, we were able to demonstrate once again that this approach will encourage lasting tenant loyalty, which is instrumental for keeping the building in an optimal condition.” Hannes Eckstein, also Founding Partner of AURELIUS real estate group, added: “In the next step, we will undertake refurbishment measures at the property to enhance the attractiveness of the building. It is our contribution to more sustainability.”
The planned investment volume of AREO between now and 2024 is c. 400 million euros. In Germany, the group is advised by AUREPA Advisors AG (AUREPA) as its exclusive investment and asset manager. Outside Germany, AURELIUS Advisors, based in Luxembourg and London, advises AREO in the same role as exclusive service provider.
AURELIUS Advisors SARL
2-4, rue du Château d’Eau
AURELIUS Advisors Ltd.
33 Glasshouse Street
London W1B 5DG
AUREPA Advisors AG
Unterer Anger 3
Web: www.aurelius-group.com; www.aurepa.com
Dr. Ulrich Nagel
+49 (0) 221 29 29 56 30
+44 (0)20 3745 4960