Media | 14 February 2017 10:08

publity acquires fully-let office property in Muelheim an der Ruhr

DGAP-Media / 14.02.2017 / 10:08

Leipzig/Muelheim a.d. Ruhr, 14 February 2017 – publity AG (Entry Standard, ISIN DE0006972508) has acquired a fully-let office property with 16,600 m² in Muelheim an der Ruhr in the heart of Germany’s Ruhrgebiet region. This state-of-the-art building is let to tenants including the discount supermarket chain Aldi Sued.

The 6-storey building was built in 1996/97 and has a modern, timeless design. The property is located in the Saarn district of Muelheim, just five minutes by car from the Ratingen-Breitscheid junction which connects the A3 and A52 motorways. This means that the property has optimum connections to local and long-distance traffic. This district also boasts some of the highest incomes in Muelheim. In addition, the local recreation area “Auberg” can be reached by foot.

The building’s floor plan means that it is perfect for use as a multi-tenant property. Current tenants include Aon, a leading global risk management services provider and also an insurance and reinsurance broker, the retailer Aldi Sued as well as enerson, a specialist for vertical solutions for industries including the energy sector.

“Muelheim an der Ruhr is a perfect city for our investment strategy, thanks to its location between the office markets of Essen and Duisburg. Our manage-to-core approach means that we are confident that we will be able to leverage the property’s potential for increased value within a brief period. This is the 580th property that we have acquired to date in Germany,” commented Thomas Olek, publity AG’s CEO.

The law firm CMS Hasche Sigle, with a team headed by its Lead Partner Frank Schneider, is responsible for end-to-end legal consulting for the transaction, including project management and legal due diligence. albrings + mueller ag was responsible for technical project organisation and preparing technical due diligence.

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

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