30.03.2017
publity AG DE0006972508
DGAP-News: publity awarded additional asset management mandate
DGAP-News: publity AG / Key word(s): Contract
publity awarded additional asset management mandate
30.03.2017 / 10:35
The issuer is solely responsible for the content of this announcement.
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Leipzig, 30 March 2017 - publity AG has received an additional asset
management mandate from an institutional investor. As a result, publity is
addressing a new category of office properties in terms of size - with
purchase prices of between EUR 10 and 25 million. publity's client is Consus
Commercial Property AG ("Consus Commercial Property").
publity will identify attractive office properties on the German market for
Consus Commercial Property, provide support during the purchase process and
act as the asset manager to subsequently grow the properties' value. The
corresponding contractual agreement has been concluded at publity's standard
conditions. These properties have market values of between EUR 10 and 25
million, which means that publity will be working for Consus in a less
competitive environment compared to other size categories. Consus is thus
addressing above average potential for returns and for increasing value
using an added-value approach and by acquiring properties in extraordinary
situations. The investment focus will be on established office locations in
German city regions. An investment portfolio of commercial properties,
bought individually, and with a market value in excess of EUR 200 million,
was acquired at the start of the alliance. The sellers were various
institutional investors. publity believes that Consus Commercial Property
will dynamically expand its purchased volume in the coming quarters. Thomas
Olek, publity's CEO and major shareholder, is invested in Consus Commercial
Property as a private individual via his investment company.
Thomas Olek, publity's CEO: "We are very pleased with this new mandate. It
will allow us to supplement the purchasing profiles we implement for other
customers without any overlaps. It will thus allow us to further increase
our assets under management. This results in remuneration as an asset
manager for publity - in particular for the purchase of and then growing the
value of the properties. I am convinced that Consus occupies a highly
attractive market niche, and that publity can contribute substantial added
value as an asset manager."
Press contact:
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 Scale.
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30.03.2017 Dissemination of a Corporate News, 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
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Language: English
Company: publity AG
Landsteinerstr. 6
04103 Leipzig
Germany
Phone: 0341 26178710
Fax: 0341 2617832
E-mail: [email protected]
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 News Service
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560009 30.03.2017
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