Frankfurt/Main, 09/07/2020 — publity AG (Scale, ISIN DE0006972508) has strengthened the investor base of its subsidiary PREOS Real Estate AG. A total of 3,846,153 PREOS shares from the publity portfolio have now been sold to a long-term international investor. This corresponds to approx. 5.8 percent of the publity shares in PREOS and approx. 5.4 percent of the share capital of PREOS Real Estate AG. The total purchase price totals EUR 50 million. The investor has agreed to a lock-up period of 12 months. As a result, publity’s stake in PREOS will decrease to approx. 86.5 percent.
Thomas Olek, CEO of publity, comments: «We are pleased about the commitment of the strategic investor to our subsidiary PREOS. We will use the earnings from the sale to support our further growth with a focus on first-class office properties in the top 7 German cities».
Financial Press and Investor Relations:
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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 — Long-term international investor invests in publity subsidiary PREOS