GSK Stockmann advised Aroundtown SA, Germany’s largest listed commercial real estate company, on its successful voluntary public takeover of TLG Immobilien AG. The transaction involved Luxembourg law compliance for the shareholder offer process. Aroundtown SA now consolidates TLG’s real estate portfolio under its ownership.
AROUNDTOWN reports a **77.5% final acceptance rate** for its takeover bid targeting **TLG Immobilien AG shareholders**. The announcement confirms strong shareholder support for the proposed acquisition. No further details on transaction terms or next steps are provided in the brief update.
Aroundtown SA acquires a **77.5% stake in TLG Immobilien AG** from BlackRock, AXA Equitable Holdings, Ouram Holding, Xenopus Limited, and other sellers for **€2.7 billion**. The deal consolidates ownership of the German commercial real estate firm, expanding Aroundtown’s portfolio in office and logistics properties across Europe. TLG Immobilien operates a **€12.5 billion** asset base, including high-profile assets in Berlin, Frankfurt, and Munich.
Aroundtown SA and TLG Immobilien AG deepen their partnership following a $3.4 billion acquisition deal announced in 2019. The companies expand their joint real estate ventures, leveraging combined resources to accelerate portfolio development. The collaboration focuses on scaling existing projects and exploring new opportunities in European commercial real estate markets.