07.03.2017
publity AG DE0006972508
publity acquires the 'RC Office' development project in Cologne
DGAP-Media / 07.03.2017 / 09:00
Leipzig/Cologne, 07 March 2017 - publity AG (Scale, ISIN DE0006972508) has
acquired the top quality project development "RC-Office" in Cologne's
Butzweilerhof as the 581st property in its portfolio. This project includes
the development of an office property with 4,400 m², which is to be
completed in March 2017. The property is already fully let. The main tenant
is Actemium, a VINCI-Group company.
The 5-storey office building with an additional hall is currently being
constructed in Cologne-Ossendorf. This building's floors are recessed, and
it boasts an encircling terrace and many floor-length windows.
The new property has an excellent traffic infrastructure. It is located
close to the A1 and A57 motorways and the L34 dual carriageway. It also
enjoys excellent connections to the public transport network. Well-known
companies such as IKEA, Sparkasse Köln/Bonn, Netcologne, Endemol, Rimowa,
Coca-Cola and many services companies have branches in this part of town.
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.
"Cologne is one of Germany's 1A office locations. Acquiring this property
as a development project, i.e., even before the property has been
completed, allows us to participate to an even greater extent in the added
value it offers," commented Thomas Olek, publity AG's CEO.
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 (Scale DE0006972508) are traded on Frankfurt
Stock Exchange's Scale Standard.
End of Media Release
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Issuer: publity AG
Key word(s): Real estate
07.03.2017 Dissemination of a Press Release, transmitted by DGAP - a service
of EQS Group AG.
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