publity AG: publity sells office property in Ismaning
publity sells office property in Ismaning Frankfurt 05/11/2019 - publity AG (Scale, ISIN DE0006972508) has profitably sold an office property in Ismaning near Munich. The corresponding contract has now been notarised and the transaction is expected to be completed before the end of 2019. Thus, the value increases achieved by publity can be realised on the market for the property. The parties have agreed not to disclose details of the buyer and the purchase price.
The approx. 3,530 square metre property in Ismaning was acquired in November 2017. Since then, important leases have been extended and the quality of the buildings has been improved by optimising the technical equipment of the buildings. Among the tenants is Aramark.
Frank Schneider, COO of the publity AG, comments: "We are pleased to be able to sell another property profitably after successful further development. This testifies to the quality of the property and also to the good choice of location not far from Munich".
Financial Press and Investor Relations: edicto GmbH Axel Mühlhaus/ Peggy Kropmanns Phone: +49 69 905505-52 Mail: firstname.lastname@example.org
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.
05.11.2019 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 Opernturm, Bockenheimer Landstraße 2-4 60306 Frankfurt am Main
Germany Phone: 0341 26178710 Fax: 0341 2617832 E-mail: email@example.com 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: 904781 End of News DGAP News Service