publity AG records rental success for its recently acquired Quattrium office property in Ratingen

DGAP-Media / 19.01.2017 / 09:06 Leipzig/Ratingen, 19 January 2017 - Leipzig-based publity AG has fully let the Quattrium office property in Ratingen (Düsseldorf), which offers almost 28,000 m2 of space. This means that the company has recorded a major rental success for this property after just a brief holding period. The property was only acquired in December 2016.

publity has been able to acquire new tenants including Knauf Interfer SE. This tenant will occupy almost 1,600 m² in the property. Another existing tenant has already extended the term of its rental agreement for a further almost 1,500 m2 for a period of five years.

The Quattrium office property is located on a plot of 14,720 m2 in Kaiserswerther Straße 115 and was built in 1993. In addition to its own restaurant the property also has 601 underground car parking spaces. The prestigious six-floor building has a modern design and can be easily adapted for many types of use thanks to its easy-to-change partition wall system.

"publity's asset management has been looking after the Quattrium property since the end of 2016 and has once again proved its successful 'manage-to-core' strategy with the full, long-term rental," commented Thomas Olek, publity AG's CEO.

Financial press and Investor Relations:

edicto GmbH

Axel Mühlhaus, Peggy Kropmanns

Phone: [phone]

E-mail: [e-mail]

 

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

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Issuer: publity AG

Key word(s): Real estate

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