publity records rental success in Bielefeld 'Am Boulevard'; asset is fully let

DGAP-Media / 20.07.2017 / 09:45 Leipzig / Bielefeld, July 20, 2017 - The publity AG (Scale, ISIN DE0006972508) asset management team achieved a further lease success for the 22.500 sqm "Am Boulevard" complex in Bielefeld. The property now shows a full rental capacity.

publity acquired the mixed-use building as its 541^st portfolio property in June 2015. It was built between the years 2000 and 2004. The two building complex, erected 2000-2004, offers 9,000 sqm of office space and 13,500 sqm of commercial space, for eg. Catering or retail. As well as over 997 parking spaces. The main tenants are CEYONIQ Technology, APCOA Parking and Fitness First.

One of the newest tenants, an online marketing agency, "Quality Traffic GmbH" has agreed a long term lease for an area of 1.000 sqm and 16 parking spaces until 2022. "Comcave College GmbH" have also moved in as scheduled, after completion of reconstruction work to their 600 sqm rental area.

The property "Am Boulevard" is in an excellent micro location situated in the northern part of the Bielefeld city centre shopping area next to train station. The neighbouring Cinemax Cinema and the Ishara Leisure Centre also providing for a lot of pedestrian traffic. Bielefeld with its 330,000 inhabitants and 30,000 students, is one of the most important and prosperous locations in East-Westphalia.

"publity is always looking to rent portfolio properties in the interest of achieving full occupancy. In the economically strong East-Westphalian city of Bielefeld, we were able to successfully implement our concept in this modern mixed-use complex, by taking advantage of tenant specific conversions, " said Thomas Olek, CEO of publity AG.

Press Contact:

Finanzpresse und Investor Relations:

edicto GmbH

Axel Mühlhaus/ Peggy Kropmanns

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About publity

publity AG is an asset manager specialised in German office real estate. The company covers a broad value chain from acquisition to development through to the sale of real estate and has a track record of several hundred successful transactions. publity is characterised by a strong network in the real estate sector as well as by the work out departments of financial institutions, has very good access to investment resources and conducts transactions quickly with a highly efficient process with proven partners. As a co-investor, publity is, to a limited extent, involved in joint venture transactions. The shares of publity AG (ISIN DE0006972508) are traded on the exchange segment of the German stock exchange.

End of Media Release

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Issuer: publity AG

Key word(s): Real estate

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Language:	English
Company:	publity AG
	Landsteinerstr. 6
	04103 Leipzig
	Germany
Phone:	0341 26178710
Fax:	0341 2617832
E-mail:	[e-mail]
Internet:	www.publity.de
ISIN:	DE0006972508
WKN:	697250
Listed:	Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt

End of News	DGAP Media

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