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publity AG: Sale of a commercial property in North Rhine-Westphalia with long-term tenant

·2-min read

DGAP-News: publity AG / Key word(s): Real Estate/Disposal
16.12.2020 / 11:00
The issuer is solely responsible for the content of this announcement.

Press Release

publity AG: Sale of a commercial property in North Rhine-Westphalia with long-term tenant

Frankfurt/Main, 16.12.2020 - In its capacity as asset manager, publity AG (Scale, ISIN DE0006972508, "publity") successfully sold a commercial property in Waltrop, North Rhine-Westphalia, with a plot size of 25,000 square metres in mid-December. The parties agreed not to disclose the purchase price. The property, acquired by publity around two years ago and successfully managed as an asset manager, is bundled in the existing portfolio of GORE German Office Real Estate AG (ISIN DE000A0Z26C8), an indirect subsidiary of publity.

The average remaining term of the leases is just under 13 years, with a current occupancy rate of 91.1%. The main tenant of the commercial property is the internationally active research institute Nuvisan GmbH, which carries out legally required drug studies on behalf of the pharmaceutical industry. In early November 2020, Nuvisan had extended its tenancy agreement until 2035.

The real estate service provider Brockhoff acted as sales agent in the transaction.

Press Contact:
Financial Press and Investor Relations:
edicto GmbH
Axel Mühlhaus
Phone: +49 69 905505-52
Mail: publity@edicto.de

About publity
publity AG ("publity") is an asset manager and investor specialised in office real estate in Germany. The company covers the core of the value chain from the acquisition to the development and the sale of real estate. With over 1,100 transactions in the past seven years, publity is one of the most active players in the real estate market. Currently, the company manages a portfolio with a value of over five billion euros. publity is characterized by a sustainable network in the real estate industry and in the Work-Out departments of financial institutions. With very good access to investment funds, publity handles transactions rapidly with a highly efficient process and proven partners. On a case-by-case basis, publity participates as co-investor in joint venture transactions to a limited extent. The shares of publity AG (ISIN DE0006972508) are traded on the Scale segment of Deutsche Börse.

 


16.12.2020 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.
Archive at www.dgap.de

Language:

English

Company:

publity AG

Opernturm, Bockenheimer Landstraße 2-4

60306 Frankfurt am Main

Germany

Phone:

0341 26178710

Fax:

0341 2617832

E-mail:

info@publity.de

Internet:

www.publity.de

ISIN:

DE0006972508, DE000A169GM5

WKN:

697250, A169GM

Indices:

Scale 30

Listed:

Regulated Unofficial Market in Dusseldorf, Frankfurt (Scale), Hamburg, Stuttgart, Tradegate Exchange

EQS News ID:

1155581


 

End of News

DGAP News Service

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