UK Markets close in 2 hrs 13 mins

publity AG: Sale of a long-term leased office property in Neu-Isenburg

·2-min read

DGAP-News: publity AG / Key word(s): Disposal/Real Estate
13.01.2021 / 10:00
The issuer is solely responsible for the content of this announcement.

publity AG: Sale of a long-term leased office property in Neu-Isenburg

Frankfurt, 13.01.2021- publity AG (Scale, ISIN DE0006972508, "publity") has successfully sold a 7,500 square metre office property in Neu-Isenburg near Frankfurt am Main in its role as asset manager. The parties have agreed not to disclose the purchase price or the buyer of the property.

The property is located centrally in Neu-Isenburg, close to Frankfurt Airport, and has been in the existing portfolio since 2015. The main tenant of the property, which is 91 percent let, is the internationally active conglomerate Johnson Controls, which renewed its long-term lease for a further five years as recently as October 2020.

Frank Schneider, CEO of publity AG, comments: "The latest transaction in Neu-Isenburg substantiates publity AG's successful business model: We recognise the potential of properties, increase their value and finally sell them profitably."

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.

 

 


13.01.2021 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:

1160269


 

End of News

DGAP News Service

show this
show this