publity receives further asset management mandate
Leipzig, 15.11.2017 - publity AG (Scale, ISIN DE0006972508) has received another asset management client from a German institutional real estate investor. publity now services office real estate with a buying-in price of between 1 and 15 million euros. publity has successfully identified attractive German office real estate, assisted in the purchase process and acts as asset manager for the new client. The corresponding contractual agreement was concluded to the regular publity conditions.
As usual, the investment focus is on established office locations in German metropolitan regions. The new investor agreement provides for the purchase of a portfolio of five commercial properties in Germany, with a focus on Frankfurt and Munich, in 2017. Office properties with a total purchase volume of EUR 150 million are to be acquired by the end of 2018
Thomas Olek, CEO of publity: "We are pleased about the third new asset management client in this year alone. The new agreement means we complement our existing partnerships with institutional investors, with whom we mainly target properties in the 25 to 100-million-euro range. As such, we cover a broader market and further increase our assets under management. For publity, this results in remuneration for purchase, ongoing asset management and the associated increase in value".
Press Contact: Finanzpresse und Investor Relations: edicto GmbH Axel Mühlhaus/ Peggy Kropmanns Telefon: +49 69 905505-52 E-Mail: firstname.lastname@example.org
About publity publity AG is an asset manager specialised in German office real estate. The company covers a broad value chain from acquisition to development through to the sale of real estate and has a track record of several hundred successful transactions. publity is characterised by a strong network in the real estate sector as well as by the work out departments of financial institutions, has very good access to investment resources and conducts transactions quickly with a highly efficient process with proven partners. As a co-investor, publity is, to a limited extent, involved in joint venture transactions. The shares of publity AG (ISIN DE0006972508) are traded on the exchange segment Scale of the German stock exchange.
15.11.2017 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.deLanguage: English Company: publity AG Landsteinerstr. 6 04103 Leipzig
Germany Phone: 0341 26178710 Fax: 0341 2617832 E-mail: email@example.com Internet: www.publity.de ISIN: DE0006972508 WKN: 697250 Listed: Regulated Unofficial Market in Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange End of News DGAP News Service