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publity AG
Earnings Release • Mar 16, 2017
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Earnings Release
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Media | 16 March 2017 09:00
Rental levels increase in the office property Edmund-Rumpler-Straße 6 in Cologne
DGAP-Media / 16.03.2017 / 09:00
Leipzig/Cologne, 16 March 2017 – The property acquired in January 2017 by publity AG in the Rhineland city of Cologne is practically fully let.
This is publity’s 577 th office property and is located on a site of almost 9,000 m 2 , offering rental space of 14,600 m 2 . Barmer Ersatzkasse and Andritz Separation GmbH have been acquired as additional tenants.
Barmer Ersatzkasse has around 14,500 employees and approx. 9.4 million members and is one of Germany’s largest health insurance companies. It has rented approx. 2,400 m 2 of office space for 10 years.
Andritz Separation GmbH belongs to the international Andritz technology group which has 25,200 employees around the world. It has rented approx. 2,550 m 2 of office space for 10 years.
This multi-tenant property has direct connections to the German motorways A559, A3, A5 and A59. Cologne-Bonn airport can be reached by S-Bahn (local train) in just 5 minutes.
“We have thus let approx. 5,000 m 2 in this property in a very short period, optimising the rental situation,” commented Thomas Olek, publity AG’s CEO.
Financial press and Investor Relations:
edicto GmbH
Axel Mühlhaus, Peggy Kropmanns
Phone: +49 69 905505-52
E-mail: [email protected]
About publity
publity AG is an asset manager specialising in office properties in Germany. The company covers a broad value chain, from purchases through to the development and sale of the properties, and also has a track record of several hundred successful transactions. publity is characterised by its strong network in the real estate sector as well as banks’ Work Out departments, and has excellent access to funding. The company has excellent access to investment funds and executes its transactions quickly using a highly efficient process with tried and trusted partners. In some cases, publity acts as a co-investor in joint venture transactions to a limited extent. publity AG’s shares (ISIN DE0006972508) are traded on Frankfurt Stock Exchange’s Entry Standard.
End of Media Release
Issuer: publity AG
Key word(s): Real estate
16.03.2017 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG.
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| Language: | English |
| Company: | publity AG |
| Landsteinerstr. 6 | |
| 04103 Leipzig | |
| Germany | |
| Phone: | 0341 26178710 |
| Fax: | 0341 2617832 |
| E-mail: | [email protected] |
| Internet: | www.publity.de |
| ISIN: | DE0006972508 |
| WKN: | 697250 |
| Listed: | Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt |
| End of News | DGAP Media |