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publity acquires Headquarters of Sky Germany in Unterföhring for its own inventory

 Frankfurt, 25/June/2019 – publity AG (Scale, ISIN DE0006972508) is successfully progressing in the expansion of its own real estate portfolio. The company has now notarized the contract regarding the takeover of the German corporate headquarters of Sky Germany in Unterföhring near Munich. The office property with a total rental area of 30,390 square meters is fully let to the media group. The lease will run for about eight years, until mid-May 2027, and also includes an option for an extension. The seller is the Gold Tree Group, represented by Montano Asset Management. The parties have agreed not to disclose the purchase price.

The landmark property on Medienallee in Unterföhring, which was built in 2010, has a very high building quality, an excellent location in the northeast of the Munich-Unterföhring industrial estate and a very good transport infrastructure. The S-Bahn (“urban railway”) station towards the city centre and Munich Airport is within walking distance. The property also includes 500 parking spaces..

By purchasing the property, publity expands its own real estate portfolio back to five office properties with a total rental area of over 180,000 square meters. All properties are almost fully let.

Thomas Olek, CEO of publity AG: “The property with Sky Germany as a long-term tenant with a strong credit rating represents an excellent addition to our real estate portfolio. Unterföhring is the largest office location in the Munich area and one of the most important media locations in Germany. This is the fourth major acquisition for our portfolio this year, in addition to the “Access Tower” and “St. Martin Tower” in Frankfurt/Main and the “Karstadt Headquarters” in Essen. We are already negotiating the acquisition of further properties.”

publity was advised (legally) on the acquisition by Simmons & Simmons LLP.

publity acquires Headquarters of Sky Germany in Unterföhring for its own inventory