Frankfurt/Cologne 17/07/2019 – publity AG (Scale, ISIN DE0006972508) has achieved another asset management success. For the RC-Office office property in Cologne, a recently expanded new office space was let, thus securing full occupancy of the property. IAMIP Sverige AB has now been acquired as the new tenant for the expanded area of almost 340 square metres and a lease agreement for five years has been concluded until September 2024. The weighted average lease term (WALT) of the property is now 7.0 years.
publity had already acquired the 4-storey office building in the Cologne-Ossendorf district before its completion in March 2017 following an asset management mandate and has successfully developed the property ever since. The total rentable office space of the property now amounts to approx. 4,400 square metres. The main tenant is Actemium, a member of the VINCI Energies Group. The “RC-Office” offers a very good location and transport infrastructure with access to the A1 and A57 highways and to local public transport.
Thomas Olek, CEO of publity AG: “Once again we have achieved a rental success through our active asset management and won a long-term new tenant for the property in a top office location.“
publity expands office property RC-Office in Cologne and secures full occupancy
Finanzpresse und 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 and acquires real estate for its own portfolio. The shares of publity AG (ISIN DE0006972508) are traded on the Scale segment of Deutsche Börse.