publity acquires 'Marktkarree' shopping center in Langenfeld
Leipzig/Langenfeld, 21 March 2017 - publity AG (Entry Standard, ISIN DE0006972508) has acquired the "Marktkarree" shopping center in Langenfeld, which was built in 2008. This property has a total of 11,300 m2 of usable space, including office, retail and residential units. Marktkarree is located in the high-traffic pedestrian zone in Langenfeld, in direct proximity to the much-loved market square, and is the 583rd property in publity's portfolio.
The shopping center was built on a plot of approx. 5,700 m2, and its usable space comprises 6,900 m2 of retail space, 1,400 m2 of office space, 1,300 m2 of residential space and 1,700 m2 of warehouse and catering space. There are also 159 underground car parking spaces.
Langenfeld is located between Leverkusen and Düsseldorf and has optimum connections to the Rhine-Ruhr region thanks to its public transport and road links. The town has now become home to a large number of commuters thanks to its attractive rental prices. compared to the surrounding cities.
The law firm CMS Hasche Sigle, with a team headed by its Lead Partner Frank Schneider, is responsible for end-to-end legal consulting for the transaction, including project management and legal due diligence.
"This property is characterised by its state-of-the-art fittings and 1A location. Our manage-to-core approach and our asset management team will allow us to rapidly realise the potential for additional value that this property offers," 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 (Scale DE0006972508) are traded on Frankfurt Stock Exchange's Scale Standard.
End of Media Release Issuer: publity AG Key word(s): Real estate
21.03.2017 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