Frankfurt 05/11/2019 — publity AG (Scale, ISIN DE0006972508) has profitably sold an office property in Ismaning near Munich. The corresponding contract has now been notarised and the transaction is expected to be completed before the end of 2019. Thus, the value increases achieved by publity can be realised on the market for the property. The parties have agreed not to disclose details of the buyer and the purchase price.
The approx. 3,530 square metre property in Ismaning was acquired in November 2017. Since then, important leases have been extended and the quality of the buildings has been improved by optimising the technical equipment of the buildings. Among the tenants is Aramark.
Frank Schneider, COO of the publity AG, comments: «We are pleased to be able to sell another property profitably after successful further development. This testifies to the quality of the property and also to the good choice of location not far from Munich».
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 sells office property in Ismaning