01.02.2017
publity AG DE0006972508
publity acquires 'Campus Schützenwall' office property in the Hamburg metropolitan region
DGAP-Media / 01.02.2017 / 08:44
Leipzig/Hamburg, 1 February 2017 - Leipzig-based publity AG has acquired an
office property with approx. 20,800 m2 in Norderstedt. The main tenant is
Lufthansa Industry Solutions AS GmbH.
Lufthansa developed the newly acquired property, the so-called "Campus
Schützenwall" in two construction stages. The property comprises 6 multi-
storey units and its striking structure gives it an attractive appearance.
It also offers a flamboyant glazed entrance area.
The building is situated on a plot of around 26,400 m2 and offers more than
500 parking spaces. "Campus Schützenwall" offers approx. 20,800 m2 of
rental space and is currently approximately 70% let. The main tenant is
Lufthansa Industry Solutions AS GmbH, and other tenants include
subsidiaries of Deutsche Lufthansa and IBM. This property ranks among the
most important locations in Hamburg for the airline. Lufthansa is one of
the world's largest airlines with approx. 120,000 employees.
The building is in direct proximity to Hamburg International Airport and
also to the A7 motorway. Norderstedt is a key part of the Hamburg
metropolitan region, and is one of the structurally strongest cities in
Schleswig-Holstein The transition between Norderstedt and Hamburg is
fluent, and the U-Bahn (underground train) network in Norderstedt is
connected to the network in the greater Hamburg region.
"A top credit rating and well-known anchor tenants, long rental agreements,
flexible floor plans for the office space and the site's attractive
appearance mean that we are confident that we will be able to attract
additional tenants for this appealing property in the near
future,"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
+ müller 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: [email protected]
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
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Issuer: publity AG
Key word(s): Real estate
01.02.2017 Dissemination of a Press Release, transmitted by DGAP - a service
of EQS Group AG.
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