publity acquires 'Campus Schützenwall' office property in the Hamburg metropolitan region

DGAP-Media / 01.02.2017 / 08:44 Leipzig/Hamburg, 1 February 2017 - Leipzig-based publity AG has acquired an office property with approx. 20,800 m2 in Norderstedt. The main tenant is Lufthansa Industry Solutions AS GmbH.

Lufthansa developed the newly acquired property, the so-called "Campus Schützenwall" in two construction stages. The property comprises 6 multi-storey units and its striking structure gives it an attractive appearance. It also offers a flamboyant glazed entrance area.

The building is situated on a plot of around 26,400 m2 and offers more than 500 parking spaces. "Campus Schützenwall" offers approx. 20,800 m2 of rental space and is currently approximately 70% let. The main tenant is Lufthansa Industry Solutions AS GmbH, and other tenants include subsidiaries of Deutsche Lufthansa and IBM. This property ranks among the most important locations in Hamburg for the airline. Lufthansa is one of the world's largest airlines with approx. 120,000 employees.

The building is in direct proximity to Hamburg International Airport and also to the A7 motorway. Norderstedt is a key part of the Hamburg metropolitan region, and is one of the structurally strongest cities in Schleswig-Holstein The transition between Norderstedt and Hamburg is fluent, and the U-Bahn (underground train) network in Norderstedt is connected to the network in the greater Hamburg region.

"A top credit rating and well-known anchor tenants, long rental agreements, flexible floor plans for the office space and the site's attractive appearance mean that we are confident that we will be able to attract additional tenants for this appealing property in the near future," commented Thomas Olek, publity AG's CEO.

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. albrings + müller ag was responsible for technical project organisation and preparing technical due diligence.

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

01.02.2017 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.
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540607  01.02.2017