Frankfurt 17 March 2020 — publity AG (Scale, ISIN DE0006972508) has achieved significant letting successes with a property in the Airport City of Dortmund Airport for which it acts as asset manager. publity has succeeded in agreeing an extension of the tenancy periods for numerous spaces with attractive terms. Additional space was also newly leased. Altogether, rental income has increased by more than 50 percent in recent years to over EUR 0.7 million per year. The property is almost fully let and was acquired in 2016.
Frank Schneider, COO of publity AG: «We are very pleased with the rental success. The office property impresses with its multi-tenant structure as well as its favourable location near Dortmund airport with excellent connections to long-distance and regional traffic».
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 with successful leasing of office property at Dortmund airport