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Aroundtown (AANNF) has been neglected on Seeking Alpha, but it is a very interesting company within the European real estate sector. Its valuation seems to be undemanding considering Aroundtown’s sound fundamentals and the potential merger with its competitor TLG may be a catalyst to unlock value in the coming months.
Company Description
Aroundtown is a German real estate company established in 2004, focused on the office market. The company invests primarily in income generating properties,