Media | 19 October 2017 09:30

publity extends rental agreements in Bielefeld and Aschheim (Munich)

DGAP-Media / 19.10.2017 / 09:30

publity AG (Scale, ISIN DE0006972508) reports further leasing successes for the 22.500 m² building complex “Am Boulevard” in Bielefeld and the multi-tenant property “Humboldtpark” in Aschheim covering a total rental area of around 11,200 m².


The DAA Deutsche Angestellten-Akademie GmbH, which has been located in the “Am Boulevard” property in Bielefeld since 2012, has now extended its rental contract for 800 m² by a further three years until 2020. Likewise, the existing tenant Sportsbar Concepts Germany GmbH has extended its existing rental contract, dating from 2014 and covering 500 m², long term, until 2032. publity acquired the mixed-use building “Am Boulevard” in Bielefeld in June 2015 as the 541st property of its asset management portfolio. The two complex buildings provide 9,000m² of office space and a further 13,500 m² of commercial space (catering and retail space) are currently fully let.

A further rental success was recorded for the 550th property of the publity asset management portfolio, the “Humboldtpark” in Aschheim. The existing tenant Assyst GmbH, has extended its rental agreement that covers 2,500 m² and includes 14 parking spaces, until 2022. The modern building complex was built in 1999 on a 5.055 m² plot and currently has a rental occupancy rate of 89%. The property has been part of the publity asset management portfolio since November 2015.

“publity is always keen to extend rental agreements for properties in the portfolio and always looking to achieve 100% occupancy for its properties. The fact that existing tenants are prepared to extend rental agreements by up to 10 years confirms the success of the publity asset management. We are convinced we will be able fill the last few rental areas in a short period of time. “said Thomas Olek, CEO of publity AG.

Press Contact:
Finanzpresse und Investor Relations:
edicto GmbH
Axel Mühlhaus/ Peggy Kropmanns
Telefon: +49 69 905505-52
E-Mail: publity@edicto.de

About publity
publity AG is an asset manager specialised in German office real estate. The company covers a broad value chain from acquisition to development through to the sale of real estate and has a track record of several hundred successful transactions. publity is characterised by a strong network in the real estate sector as well as by the work out departments of financial institutions, has very good access to investment resources and conducts transactions quickly with a highly efficient process with proven partners. As a co-investor, publity is, to a limited extent, involved in joint venture transactions. The shares of publity AG (ISIN DE0006972508) are traded on the exchange segment Scale of the German stock exchange.

End of Media Release

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

19.10.2017 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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