21.02.2017
publity AG DE0006972508
publity acquires 'UNION CENTER' office complex in Saarbrücken
DGAP-Media / 21.02.2017 / 10:04
Leipzig/Saarbrücken, 21 February 2017 - publity AG has acquired the
multi-tenant "UNION CENTER" property in Saarbrücken, which offers approx.
47,000 m2 of space. This office property is let to companies with excellent
credit ratings and is located in the centre of the capital city of the
Saarland.
This city-centre office property comprises eight interlinked buildings
which join together to form a prestigious complex. In addition the property
is characterised by its state-of-the-art architecture as well as its size,
flexibility and presence. The office space allows the tenants to use the
building flexibly with individual structures.
The property was modernized in 2004 and offers rental space of more than
approx. 47,000 m2 as well as more than 600 parking spaces. The primary
tenants are Deutsche Postbank AG, the German Federal Network Agency
(Bundesnetzagentur), Prego Services GmbH and the Saarland Ministry of
Finance and Europe. These tenants all have long-term leases.
The "UNION CENTER" is in direct proximity to Saarbrücken's city centre and
is located on a direct connection to the university. The city centre and
public transport can be reached by foot. Saarbrücken is located on the A6
motorway and is very close to the border between Germany and France.
"The property is one of the most well-known buildings in Saarbrücken. It is
so attractive thanks to its long-term tenants with their excellent credit
ratings, its central location and the excellent infrastructure. Future
tenants will also be able to benefit from this," 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. Waterway Investments GmbH acted as an
exclusive agent on behalf of the seller.
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
21.02.2017 Dissemination of a Press Release, transmitted by DGAP - a service
of EQS Group AG.
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