publity AG

M&A Activity • Feb 28, 2017

News Details

Media | 28 February 2017 09:22

publity has already recorded rental success shortly after acquisition in Gelsenkirchen

DGAP-Media / 28.02.2017 / 09:22

Leipzig/Gelsenkirchen, 28 February 2017 – publity AG has concluded a lease agreement with the “Integrationscenter für Arbeit” for the commercial property in Gelsenkirchen which offers 12,100 m 2 of space. This multi-tenant property is thus practically fully let.

publity only acquired this prominent property in the heart of Gelsenkirchen at the start of February 2017. This is publity’s 579 th property, and is an eye-catcher with its 13 floors and 171 rented parking spaces.

The “Integrationscenter für Arbeit” has been acquired as the anchor tenant for this Gelsenkirchen property, renting space of 9,000 m 2 since 1 January 2017. The integration center is spread throughout the entire property, from the cellar to the 13th floor, and thus benefits from the property’s multi-functional structure.

“This rental success in parallel to the purchase of this property shows that this property’s revitalisation is well and truly under way,” 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: publity@edicto.de

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

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Issuer: publity AG

Key word(s): Real estate

28.02.2017 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG.

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