publity AG

M&A Activity • Oct 26, 2017

News Details

Media | 26 October 2017 10:05

publity Performance Fund No. 6 sells office property in Duisburg

DGAP-Media / 26.10.2017 / 10:05

The closed public AIF “publity Performance Fund Nr. 6” has sold the prominent “Haus der Wirtschaftsförderung” in Duisburg after an 18 month holding period. publity attained the property in April 2016 as the portfolio’s 559 th property and has since been able to acquire numerous new tenants.

The property offers 3,630 square metres of office space on a 1,079 square metre plot in a central location. Due to the elliptical floor plan and two separate staircases, the property is ideally suited as a multi-tenant object.

Due to our active asset management, which is a core component of our manage-to-core strategy, we were able to significantly increase the occupancy rate, making it attractive as an investment for professional investors. Achieving an increase in value paved the way for a successful sale, “said Thomas Olek, CEO of publity AG.

The law firm CMS Hasche Sigle was responsible for the comprehensive legal advice during the transaction.

Press Contact:

Finanzpresse und 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 specialised in German office real estate. The company covers a broad value chain from acquisition to development through to the sale of real estate and has a track record of several hundred successful transactions. publity is characterised by a strong network in the real estate sector as well as by the work out departments of financial institutions, has very good access to investment resources and conducts transactions quickly with a highly efficient process with proven partners. As a co-investor, publity is, to a limited extent, involved in joint venture transactions. The shares of publity AG (ISIN DE0006972508) are traded on the exchange segment Scale of the German stock exchange.

End of Media Release

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Issuer: publity AG

Key word(s): Real estate

26.10.2017 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	publity AG
	Landsteinerstr. 6
	04103 Leipzig
	Germany
Phone:	0341 26178710
Fax:	0341 2617832
E-mail:	info@publity.de
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