Rental levels increase in the office property Edmund-Rumpler-Straße 6 in Cologne
Leipzig/Cologne, 16 March 2017 - The property acquired in January 2017 by publity AG in the Rhineland city of Cologne is practically fully let. This is publity's 577th office property and is located on a site of almost 9,000 m2, offering rental space of 14,600 m2. Barmer Ersatzkasse and Andritz Separation GmbH have been acquired as additional tenants.
Barmer Ersatzkasse has around 14,500 employees and approx. 9.4 million members and is one of Germany's largest health insurance companies. It has rented approx. 2,400 m2 of office space for 10 years.
Andritz Separation GmbH belongs to the international Andritz technology group which has 25,200 employees around the world. It has rented approx. 2,550 m2 of office space for 10 years.
This multi-tenant property has direct connections to the German motorways A559, A3, A5 and A59. Cologne-Bonn airport can be reached by S-Bahn (local train) in just 5 minutes.
"We have thus let approx. 5,000 m2 in this property in a very short period, optimising the rental situation," commented Thomas Olek, publity AG's CEO.
Financial press and Investor Relations: edicto GmbH Axel Mühlhaus, Peggy Kropmanns Phone: +49 69 905505-52 E-mail: email@example.com
About publity publity AG is an asset manager specialising in office properties in Germany. The company covers a broad value chain, from purchases through to the development and sale of the properties, and also has a track record of several hundred successful transactions. publity is characterised by its strong network in the real estate sector as well as banks' Work Out departments, and has excellent access to funding. The company has excellent access to investment funds and executes its transactions quickly using a highly efficient process with tried and trusted partners. In some cases, publity acts as a co-investor in joint venture transactions to a limited extent. publity AG's shares (ISIN DE0006972508) are traded on Frankfurt Stock Exchange's Entry Standard.
End of Media Release Issuer: publity AG Key word(s): Real estate
16.03.2017 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.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English
Company: publity AG Landsteinerstr. 6 04103 Leipzig
Germany Phone: 0341 26178710 Fax: 0341 2617832 E-mail: firstname.lastname@example.org 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