Frankfurt/Ratingen 30/07/2019 — publity AG (Scale, ISIN DE0006972508) has signed a new, long-term rental agreement for a 16,600 square metre office building in Ratingen. Within the framework of an asset management mandate, publity has now won Integra GmbH as a further tenant for an area of 2,091 square metres over a ten-year period. The weighted average lease term (WALT) for the property thus rises to 3.84 years from currently 2.95 years.
The office property is located in an established commercial area which is one of the most important office locations in Ratingen and is situated not far from Düsseldorf, Duisburg and Essen. The property has 173 underground parking spaces and 28 outside parking spaces.
Thomas Olek, CEO of publity AG: «We are delighted about the long-term new letting of significant space in this attractive office property, which is situated in a very attractive location not far from major cities.“
Finanzpresse und 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 signs new tenancy agreement for office property in Ratingen for over 2,000 m2 and a term of 10 years