Frankfurt 06/08/2019 — publity AG (Scale, ISIN DE0006972508) has achieved another asset management success. For PREOS Real Esate AG, the purchase of an office and technical centre in a central city centre location in Lüdenscheid, not far from Dortmund, has now been accompanied. The complex consists of four office buildings and a multi-storey car park with 193 parking spaces. The buildings have a total rental area of around 10,100 square meters and are 90 percent let. The main tenant is the city of Lüdenscheid with a rental area of 2,900 square meters. The weighted average lease term for the property (WALT) amounts six years. The closing of the transaction is expected in the third quarter.
The office complex has a very attractive location in the middle of Lüdenscheid and is very close to the shopping centre Stern Center, the town hall and the train station. The location is characterised by commercial buildings and in parts by residential buildings.
The transaction was advised by CMS and albrings + müller.
Thomas Olek, CEO of publity AG: «This acquisition also underlines our excellent access to attractive properties in outstanding locations. We have been commissioned by PREOS with the further asset management of the office complex and we are confident that we will be able to quickly realise its existing potential for value appreciation.“
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 with further asset management success — acquisition of the office property for PREOS