publity acquires the 'RC Office' development project in Cologne
Leipzig/Cologne, 07 March 2017 - publity AG (Scale, ISIN DE0006972508) has acquired the top quality project development "RC-Office" in Cologne's Butzweilerhof as the 581st property in its portfolio. This project includes the development of an office property with 4,400 m², which is to be completed in March 2017. The property is already fully let. The main tenant is Actemium, a VINCI-Group company.
The 5-storey office building with an additional hall is currently being constructed in Cologne-Ossendorf. This building's floors are recessed, and it boasts an encircling terrace and many floor-length windows.
The new property has an excellent traffic infrastructure. It is located close to the A1 and A57 motorways and the L34 dual carriageway. It also enjoys excellent connections to the public transport network. Well-known companies such as IKEA, Sparkasse Köln/Bonn, Netcologne, Endemol, Rimowa, Coca-Cola and many services companies have branches in this part of town.
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.
"Cologne is one of Germany's 1A office locations. Acquiring this property as a development project, i.e., even before the property has been completed, allows us to participate to an even greater extent in the added value it 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
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