Frankfurt, 13.01.2021- publity AG (Scale, ISIN DE0006972508, «publity») has successfully sold a 7,500 square metre office property in Neu-Isenburg near Frankfurt am Main in its role as asset manager. The parties have agreed not to disclose the purchase price or the buyer of the property.
The property is located centrally in Neu-Isenburg, close to Frankfurt Airport, and has been in the existing portfolio since 2015. The main tenant of the property, which is 91 percent let, is the internationally active conglomerate Johnson Controls, which renewed its long-term lease for a further five years as recently as October 2020.
Frank Schneider, CEO of publity AG, comments: «The latest transaction in Neu-Isenburg substantiates publity AG’s successful business model: We recognise the potential of properties, increase their value and finally sell them profitably.”
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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 AG Sale of a long-term leased office property in Neu-Isenburg