Media | 24 January 2017 08:53

publity confirms full rental of the Grossmarkt property in Leipzig

DGAP-Media / 24.01.2017 / 08:53

Leipzig, 24 January 2017 – publity AG’s Asset Management has recorded another major rental success for the Großmarkt property in Leipzig. N ew rental agreements for approx 2,500 m² have been concluded and additional rental agreements for approx. 1,000 m² have been extended. This means that the fresh food market in Leipzig has been fully let. This property offers total space of 17,500 m² and 81 market stalls.

publity took over asset management for the Großmarkt property in Leipzig at the end of 2013 and has now once again proved its “manage-to-core” strategy by fully letting this property.

publity Performance Fonds Nr. 5 acquired the market hall and ancillary buildings at the Großmarkt property in 2014. The market was built in 1995 on a site of more than 68,000 m² and is the most important fresh food and logistics centre in the region. The entire region is supplied with fresh fruit and vegetables from this property at Leipzig/Halle airport.

“In line with our manage-to-core approach, over and above fully letting the so-called fresh food market in Leipzig, we have succeeded in extending the average residual terms of the rental agreements. That means that we have also increased the property’s value and we are optimistic that we will be able to realise this added value in the near future via a sale,” commented Thomas Olek, publity AG’s CEO.

Financial press and Investor Relations:
edicto GmbH
Axel Mühlhaus, Peggy Kropmanns
Phone: +49 69 905505-52
E-mail: publity@edicto.de

About publity
publity AG is an asset manager specialising in office properties in Germany. The company covers a broad value chain, from purchases through to the development and sale of the properties, and also has a track record of several hundred successful transactions. publity is characterised by its strong network in the real estate sector as well as banks’ Work Out departments, and has excellent access to funding. The company has excellent access to investment funds and executes its transactions quickly using a highly efficient process with tried and trusted partners. In some cases, publity acts as a co-investor in joint venture transactions to a limited extent. publity AG’s shares (ISIN DE0006972508) are traded on Frankfurt Stock Exchange’s Entry Standard.

End of Media Release

Issuer: publity AG
Key word(s): Real estate

24.01.2017 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG.
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