trending Market Intelligence /marketintelligence/en/news-insights/trending/rbfy5dguoioacr1i6fsirw2 content esgSubNav
In This List

Aroundtown sells €720M of noncore assets YTD

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook


Aroundtown sells €720M of noncore assets YTD

Aroundtown SA has sold more than €720 million of noncore assets at 12% above book value in 2018.

The assets, which are primarily wholesale, office and retail properties, were sold to a number of international investors and equity funds in separate transactions, the German commercial real estate company said in a release.

The company added that disposal gains of €165 million over total cost will positively impact its funds from operations II in the first half of 2018.

The sales proceeds will be funneled toward asset acquisitions.