Frankfurt 25 March 2020 – publity AG (Scale, ISIN DE0006972508), an investor and asset manager focusing on office properties in Germany, has been able to attract a new tenant for a larger space in the “Quattrium” near Düsseldorf. A total of almost 1,200 square meters of floor space and 40 parking spaces have been leased to a renowned IT consulting company from June 1, 2020. In winning the new tenant, publity profited from its in-depth knowledge of the market and its comprehensive in-house database. The occupancy rate in the property was thus increased by approx. four percentage points. Thus, the leasing success of the property acquired by publity in 2016 under an asset management agreement continues. Built in 1993, the Quattrium is located in Ratingen near Düsseldorf and has excellent access by road and airport.
Thomas Olek, CEO of publity AG: “We want to be successful as asset managers for our customers in every market phase. We have once again succeeded in doing so. Our database and detailed knowledge of the respective markets are important factors in attracting tenants and developing real estate in value”.
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 further increases occupancy rate in the Quattrium