M&A Activity • Sep 22, 2015
M&A Activity
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Corporate | 22 September 2015 10:02
publity acquires additional joint venture partner and once again increases targets for assets under management
DGAP-News: publity AG / Key word(s): Real Estate
2015-09-22 / 10:02
publity acquires additional joint venture partner and once again increases targets for assets under management
– Assets under management of around EUR 5 billion forecast through to the end of 2017
– Forecast for assets under management in 2015 lifted to EUR 1.6 billion
– Partner provides extensive financing to purchase German office properties
Leipzig, 22. September 2015 – publity AG (Entry Standard, ISIN DE0006972508), an investor and asset manager for German office properties is reinforcing its purchasing and growth strategy. This is based on a concrete property pipeline which is continuing to grow and additional financing of billions of euros which an institutional partner is now providing. A corresponding agreement for a further joint venture with an international institutional investor has now been fixed.
As a result, publity is forecasting assets under management (AuM) of around EUR 5 billion by the end of 2017. This contrasts with AuM of EUR 0.5 billion at the end of 2014, with the figure thus up ten-fold. Publity is now already forecasting AuM of EUR 1.6 billion for the current fiscal year, and is thus once again lifting its previous forecast of EUR 1.4 billion. The most recent forecast for EBIT for the current year of EUR 17 million is also to be tested to see if it has to be increased as a result of this background.
During the past quarters, publity has already received financing commitments for office properties totalling several billion euros. This new strategic investment alliance means that the company has reinforced its position as one of the fastest growing asset managers on the German commercial real estate market. Publity’s fees and remuneration are driven by the assets under management and their successful growth.
About publity
publity AG is an asset manager specialising in commercial real estate in Germany. The company covers a wide value chain, from acquisitions to development through to the sale of real estate and has a track record of several hundred successful transactions. publity stands out by having a strong network in the real estate sector and in the Work Out departments of financial institutes. It also has excellent access to investment resources and uses a highly efficient process to swiftly handle transactions from proven partners. Occasionally, publicity acts as a co-investor in a limited number of joint venture transactions. publity AG’s shares (ISIN DE0006972508) are traded in the Entry Standard of Frankfurt Stock Exchange.
Press contact:
publity Finanzgruppe
Landsteinerstraße 6, 04103 Leipzig, Germany
Telephone: +49 341 261787-0
Telefax: +49 341 261787-31
Email: [email protected]
Internet: www.publity.de
Financial press and investor relations:
edicto GmbH
Axel Mühlhaus/ Peggy Kropmanns
Telephone: +49 69 905505-52
Email: [email protected]
2015-09-22 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
396523 2015-09-22
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