publity AG

Regulatory Filings • Feb 7, 2017

News Details

Media | 7 February 2017 11:16

publity acquires commercial property in Gelsenkirchen city centre

DGAP-Media / 07.02.2017 / 11:16

Leipzig/Gelsenkirchen, 7 February, 2016 – Leipzig-based publity AG has acquired a commercial property with 12,100 m 2 in the centre of Gelsenkirchen. The property is let to tenants including the City of Gelsenkirchen, and is the 579 th property in publity’s portfolio.

This building has 13 floors and 171 rented parking spaces. In addition to office space the property also houses retail space on two floors. Additional positive features include its location close to the main train station, just 1km away, and its excellent connections to the A40, A42 and A2 motorways.

“A large proportion of the property is let to the City of Gelsenkirchen, which has located its Job Integration Centre in this building and it intends to remain in the property over the long term. This office property is one of the most prominent buildings in the city,” commented Thomas Olek, publity AG’s CEO.

The law firm CMS Hasche Sigle, with a team headed by its Lead Partner Frank Schneider, is responsible for end-to-end legal consulting for the transaction, including project management and legal due diligence. Albrings + müller ag was responsible for technical project organisation and preparing technical due diligence.

Financial press and Investor Relations:

edicto GmbH

Axel Mühlhaus/ Peggy Kropmanns

Telefon: +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

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