Media | 11 May 2017 09:02

publity acquires office and production building in Paderborn

DGAP-Media / 11.05.2017 / 09:02

Leipzig/Paderborn, 11 May 2017 – publity AG (Scale, ISIN DE0006972508) today announced that it has purchased a 80,255 square metre office and production building in Paderborn. Now the 589th property acquired by publity, it was built in the 1970s by the German computer pioneer and entrepreneur Heinz Nixdorf. Tenants in the property, which has been continuously updated, include Wincor Nixdorf, Siemens, Degussa and AOK.

The property forms part of a five-building complex with 274,000 square metres of usable space.

Alongside Bielefeld, Paderborn is one of the regional centres of East Westphalia. The head offices of many transnational companies are located in this rapidly growing region. For a number of years, Paderborn has had one of the highest IT densities in the whole of Germany. The property acquired by publity is situated in the Almepark industrial estate on the fringes of the city, with access to the A33 motorway.

With a team headed by Lead Partner Frank Schneider, the law firm of CMS Hasche Sigle provided comprehensive legal advice for the transaction, including project control and legal due diligence. albrings + müller ag was responsible for technical project organisation and for preparing the technical due diligence. NAI Apollo Group brokered the deal.

“The population of Paderborn and the entire region has considerable purchasing power as well as low unemployment, and there is a high density of national and international companies. Good motorway access and the upcoming completion of the missing section of the A33 towards the North will continue to benefit the location in the coming years,” said publity AG CEO Thomas Olek.

Press contact:
Financial press and Investor Relations:
edicto GmbH
Axel Mühlhaus, Peggy Kropmanns
Phone: +49 69 905505-52
Email: 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 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 Deutsche Börse’s Scale segment.

End of Media Release

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

11.05.2017 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	publity AG
	Landsteinerstr. 6
	04103 Leipzig
	Germany
Phone:	0341 26178710
Fax:	0341 2617832
E-mail:	info@publity.de
Internet:	www.publity.de
ISIN:	DE0006972508
WKN:	697250
Listed:	Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt

End of News DGAP Media