DGAP-News: publity AG / Key word(s): Real Estate/Contract
publity AG extends long-term tenancy agreements of the international research institute Nuvisan GmbH until 2035 for real estate in Upper Bavaria and North Rhine-Westphalia
Frankfurt am Main, 05.11.2020 - publity AG (Scale, ISIN DE0006972508) has achieved letting successes with its properties managed as asset managers in Grafing near Munich and in Waltrop in North Rhine-Westphalia. Nuvisan GmbH, an internationally operating research institute and main tenant of the two properties, which operates on behalf of the pharmaceutical industry, has extended its long-term lease agreements for both locations by five years until 2035.
The Nuvisan Group has rented a total of approximately 8,000 square meters of space that will be used as offices and laboratories. In addition, a total of more than 130 parking spaces are available at the two locations together. As a result of the contract extension, the WALT has increased from 10.31 to 15.31 years in Grafing and from 8.94 to 13.17 years in Waltrop.
The properties acquired by publity in November 2018 and managed as asset managers are bundled in the portfolio of GORE German Office Real Estate AG (ISIN DE000A0Z26C8), an indirect subsidiary of publity.
Thomas Olek, CEO of publity AG: "With the successful letting of our properties in Grafing and Waltrop, we have once again proven that we can retain tenants in the long term through efficient and sustainable asset management - even in these challenging pandemic times. This enables us to generate significant increases in the value of our properties".
05.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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