publity acquires commercial property in Gelsenkirchen city centre
Leipzig/Gelsenkirchen, 7 February, 2016 - Leipzig-based publity AG has acquired a commercial property with 12,100 m2 in the centre of Gelsenkirchen. The property is let to tenants
including the City of Gelsenkirchen, and is the 579th property in publity's portfolio. |
"A large proportion of the property is let to the City of Gelsenkirchen, which has located its Job Integration Centre in this building and it intends to remain in the property over the long term. This office property is one of the most prominent buildings in the city," 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
Telefon: +49 69 905505-52
E-Mail: publity@edicto.de
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
Issuer: publity AG
Key word(s): Real estate
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