01.08.2019 publity AG  DE0006972508

DGAP-News: publity AG: publity plans with the Luxembourg investor Greenfinch Capital Management real estate fund with a volume of 1 billion euros under the umbrella of the CSSF regulated Greenfinch Global Invest Fund S.C.A. SICAV-FIS


 

DGAP-News: publity AG / Key word(s): Real Estate/Alliance
publity AG: publity plans with the Luxembourg investor Greenfinch Capital Management real estate fund with a volume of 1 billion euros under the umbrella of the CSSF regulated Greenfinch Global Invest Fund S.C.A. SICAV-FIS

01.08.2019 / 15:11
The issuer is solely responsible for the content of this announcement.


Press Release

publity plans with the Luxembourg investor Greenfinch Capital Management real estate fund with a volume of 1 billion euros under the umbrella of the CSSF regulated Greenfinch Global Invest Fund S.C.A. SICAV-FIS

- Letter of Intent (LOI) signed

- Joint real estate fund under Luxembourg law to be launched in Q4 2019

- Greenfinch Capital Management to manage new fund, publity to take on Asset Management

- Further joint funds planned

- Major investor Greenfinch Capital Management intends to acquire a strategic stake of 3.0 % in publity

- Major shareholder of publity AG also plans stake in Greenfinch Capital Management S.A. in order to strengthen partnership

Frankfurt 01/08/2019 - publity AG (Scale, ISIN DE0006972508) is planning a joint real estate fund with the Luxembourg real estate investor and fund provider Greenfinch Capital Management S.A. ("Greenfinch") with a volume of 1 billion euros for investments in German office properties. This subfund will be launched under the umbrella of the existing Greenfinch Global Invest Fund S.C.A. SICAV-FIS ("Greenfinch Fund") in the fourth quarter of 2019 under Luxembourg law. A Letter of Intent (LOI) has now been signed by the future partners. Further joint real estate subfunds are to follow in the future. In addition, following an approach by the Managing Director of Greenfinch, a major investor of the Greenfinch fund has invested 3.0 percent of publity's shares as a strategic investor. The shares required for this were provided by publity's major shareholder. The latter is also planning a strategic investment in Greenfinch Capital Management S.A. in order to strengthen the planned partnership. The cooperation was initiated by a direct exchange between Mr Kindy Fritsch as Managing Director of the fund manager Greenfinch Capital Management S.A. and Mr Thomas Olek as CEO of the asset manager publity AG.

The new subfund is to be designed as a closed-end real estate fund and is aimed exclusively at institutional investors. Provisions are made that Greenfinch will manage the fund and publity will be responsible for the purchase of real estate and asset management. The planned structure provides for publity to receive a finder's fee for the purchase of the property, to be remunerated for the asset management and to partake in the profitable sale of the property.

Thomas Olek, CEO of publity AG: "The planned cooperation with Greenfinch is another major milestone in our successful business development and should have a significant positive impact on the further expansion of our company and the development of our remuneration as asset managers. Currently, our Assets under Management amount to approximately 5 billion Euro, as is generally known. We also see the planned cooperation as a model for further joint investment activities."

Kindy Fritsch, Managing Director of the fund manager Greenfinch Capital Management S.A.: "The Value-Add Investment strategies of publity AG and the Greenfinch Fund provide a good basis for joint high-yielding investment activities in stable economies. These attractive investments are to be made available to international institutional investors via regulated vehicles with significant volumes. As the second largest real estate fund location in the world, Luxembourg offers a solid starting point."

Press Contact:

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

About publity

publity AG ("publity") is an asset manager and investor specialised in office real estate in Germany. The company covers the core of the value chain from the acquisition to the development and the sale of real estate. With over 1,100 transactions in the past seven years, publity is one of the most active players in the real estate market. Currently, the company manages a portfolio with a value of over five billion euros. publity is characterized by a sustainable network in the real estate industry and in the Work-Out departments of financial institutions. With very good access to investment funds, publity handles transactions rapidly with a highly efficient process and proven partners. On a case-by-case basis, publity participates as co-investor in joint venture transactions to a limited extent. The shares of publity AG (ISIN DE0006972508) are traded on the Scale segment of Deutsche Börse.



01.08.2019 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.

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Language: English
Company: publity AG
Opernturm, Bockenheimer Landstraße 2-4
60306 Frankfurt am Main
Germany
Phone: 0341 26178710
Fax: 0341 2617832
E-mail: info@publity.de
Internet: www.publity.de
ISIN: DE0006972508, DE000A169GM5
WKN: 697250, A169GM
Indices: Scale 30
Listed: Regulated Unofficial Market in Dusseldorf, Frankfurt (Scale), Hamburg, Stuttgart, Tradegate Exchange
EQS News ID: 850537

 
End of News DGAP News Service

850537  01.08.2019 

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Die wichtigsten Finanzdaten auf einen Blick
  2012 2013 2014 2015 2016 2017 2018 2019e
Umsatzerlöse1 12,71 10,69 9,81 23,02 41,58 23,57 34,58 0,00
EBITDA1,2 6,29 5,53 8,43 20,59 35,71 16,33 23,50 0,00
EBITDA-Marge3 49,49 51,73 85,93 89,44 85,88 69,28 67,96 0,00
EBIT1,4 2,67 3,94 4,71 20,30 35,52 16,14 23,33 0,00
EBIT-Marge5 21,01 36,86 48,01 88,18 85,43 68,48 67,47 0,00
Jahresüberschuss1 2,06 2,70 2,79 12,51 23,32 10,09 14,90 50,00
Netto-Marge6 16,21 25,26 28,44 54,34 56,08 42,81 43,09 0,00
Cashflow1,7 2,44 3,81 4,24 12,81 23,51 10,28 15,07 0,00
Ergebnis je Aktie8 0,41 0,76 0,85 2.27 3,89 1,67 1,52 4,50
Dividende8 0,00 0,00 0,56 2,00 2,80 0,00 1,50 0,50
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2018 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Warth & Klein Grant Thornton

INVESTOR-INFORMATIONEN
©boersengefluester.de
Publity
WKN Kurs in € Einschätzung Börsenwert in Mio. €
697250 40,100 Halten 591,87
KGV 2020e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
18,23 11,52 1,588 27,01
KBV KCV KUV EV/EBITDA
6,02 36,84 17,12 26,084
Dividende '18 in € Dividende '19e in € Div.-Rendite '18
in %
Hauptversammlung
1,50 0,50 3,74 16.05.2019
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
09.08.2019 09.04.2019
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
19,65% 35,43% 100,90% 105,22%
    
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Immobilien (Gewerbe) , 697250 , PBY , XETR:PBY