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publity signs lease agreement for new publity office in Leipzig

Frankfurt 25. February 2020 – publity AG (Scale, ISIN DE0006972508) has signed a lease agreement for a new publity office in Leipzig. The relocation of publity employees within Leipzig is planned for the summer. The lease in the new property has a term of five years and can optionally be extended by three years.

In December 2018, publity AG had relocated its headquarters from Leipzig to Frankfurt am Main and only recently concluded a sublease agreement with the Institute for Federal Real Estate (BImA) for the former publity corporate headquarters in Leipzig, the “publity Center”. publity had already sold the publity Center to an international investor in 2015 and concluded a lease agreement with this investor until the end of 2031. However, there is a special termination right for publity of 6 weeks to the end of the month, which can be exercised for the first time on 1 May 2020. In January 2020, BImA initially moved into 2,000 square metres in the publity Center and will now, in a second step, take over all of the more than 3,000 square metres.

Thus, publity continues to have a second German location due to the move to a new building in Leipzig.  Parts of the legal department, the IT, accounting and administration of publity are located in Leipzig.

Thomas Olek, CEO of publity AG: “We are pleased that we have now been able to contract a spatial solution in Leipzig. By moving to a new and centrally located office in Reichsstraße we are strengthening the Leipzig location as planned”.

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About publity

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 signs lease agreement for new publity office in Leipzig