Frankfurt 14 February 2020 – publity AG (Scale, ISIN DE0006972508) has achieved an important letting success as asset manager for an office complex of GORE German Office Real Estate AG in Neu-Isenburg. A new ten-year lease agreement has now been concluded with the main tenant ARAMARK Holding Deutschland GmbH (“ARAMARK”), which runs until January 2030. ARAMARK uses an area of approximately 4,200 square meters and 60 parking spaces in the office complex, which has a total area of 15,882 square meters. The average total term of the rental agreements in the property (WALT) was thus increased to 9.3 years from 3.4 years.
The property, which was built in 1993, is located in an established commercial area in Neu-Isenburg, in the immediate surroundings of Frankfurt am Main and Frankfurt Airport, and has a very good transport infrastructure thanks to its connection to the A3 and A5 highways and to local public transport. The complex consists of three five-story building sections with office and storage space as well as 192 garage and 23 outdoor parking spaces.
Thomas Olek, CEO of publity AG: “The fact that a major tenant is concluding such a long-term new lease agreement is a pleasing asset management accomplishment. The property scores due to its excellent location in one of Germany’s economically strongest regions in the direct vicinity of Frankfurt and the airport”.
Financial Press and Investor Relations:
Axel Mühlhaus/ Peggy Kropmanns
Phone: +49 69 905505-52
publity AG (“publity”) is an asset manager and investor specialised in office real estate in Germany. The company covers the core of the value chain from the acquisition to the development and the sale of real estate. With over 1,100 transactions in the past seven years, publity is one of the most active players in the real estate market. Currently, the company manages a portfolio with a value of over five billion euros. publity is characterized by a sustainable network in the real estate industry and in the Work-Out departments of financial institutions. With very good access to investment funds, publity handles transactions rapidly with a highly efficient process and proven partners. On a case-by-case basis, publity participates as co-investor in joint venture transactions to a limited extent. The shares of publity AG (ISIN DE0006972508) are traded on the Scale segment of Deutsche Börse.
publity concludes a new rental contract with the main tenant at GORE office property in Neu-Isenburg