PUBLITY AG
DGAP-News: publity AG
/ Key word(s): Disposal/Real Estate
publity sells property near Munich as asset manager Frankfurt/Main, 02/07/2020 - publity AG (Scale, ISIN DE0006972508) has successfully sold an approximately 5,000 square meter office property in the Munich metropolitan area in its function as asset manager. The buyer is a real estate company from Berlin; it was agreed not to disclose the purchase price. publity acquired the property in Sauerlach which is located south of Munich in March 2018 and has since improved the tenant structure and extended tenancy agreements. The weighted average lease term (WALT) of the almost fully let property totals 4.6 years. Frank Schneider, COO of publity, comments: "The successful sale of a further property confirms our strong network and that we are operating in a market where demand remains high, with a focus on German office properties". Press Contact: About publity publity AG ("publity") is an asset manager and investor specialised in office real estate in Germany. The company covers the core of the value chain from the acquisition to the development and the sale of real estate. With over 1,100 transactions in the past seven years, publity is one of the most active players in the real estate market. Currently, the company manages a portfolio with a value of over five billion euros. publity is characterized by a sustainable network in the real estate industry and in the Work-Out departments of financial institutions. With very good access to investment funds, publity handles transactions rapidly with a highly efficient process and proven partners. On a case-by-case basis, publity participates as co-investor in joint venture transactions to a limited extent. The shares of publity AG (ISIN DE0006972508) are traded on the Scale segment of Deutsche Börse.
02.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | publity AG |
| Opernturm, Bockenheimer Landstraße 2-4 | |
| 60306 Frankfurt am Main | |
| Germany | |
| Phone: | 0341 26178710 |
| Fax: | 0341 2617832 |
| E-mail: | info@publity.de |
| Internet: | www.publity.de |
| ISIN: | DE0006972508, DE000A169GM5 |
| WKN: | 697250, A169GM |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Dusseldorf, Frankfurt (Scale), Hamburg, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1084425 |
| End of News | DGAP News Service |
1084425 02.07.2020
