DGAP-News: publity AG / Key word(s): Alliance/Real Estate Frankfurt - With Meritz Financial Group ("Meritz") and IGIS Asset Management ("IGIS"), publity AG (Scale, ISIN DE0006972508) has gained two strong financing and investment partners for the acquisition of German office properties. Over the next 18 months, investments in publity AG's real estate portfolio in the higher three-digit million range are planned as part of the cooperation.
The first successful joint transaction was the purchase of the EUR130 million office building "St. Martin Tower" in Frankfurt at the beginning of April 2019. As part of publity's further investments, its own real estate portfolio is to be significantly expanded. The focus will be on selected office properties in German conurbations with good locations, high-quality building equipment and substantial value creation potential.
Thomas Olek, CEO of publity AG: "We are very pleased that we were able to win such a renowned and financially strong partner such as Meritz for the planned further expansion of our portfolio. With Meritz as our financing partner, we are accelerating our portfolio growth significantly".
Publity was supported in concluding partnership by Blueriver Advisors, Seoul. Press contact:
publity covers a broad value chain from the acquisition and development to the sale of the real estate and has a Track Record of several hundred successful transactions. publity is characterised by a sustainable network in the real estate industry and in the Work Out departments of financial institutions, has very good access to investment funds and handles transactions with a highly efficient process quickly with 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 the German Stock Exchange.
24.04.2019 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: | 802693 |
End of News | DGAP News Service |
802693 24.04.2019