DGAP-News: publity AG: publity again achieves extension of contract for office property Quattrium near Dusseldorf

Press Release

publity again achieves extension of contract for office property Quattrium near Dusseldorf

Frankfurt 06/02/2020 - publity AG (Scale, ISIN DE0006972508), an investor and asset manager focusing on office properties in Germany, has once again achieved a leasing success for the Quattrium office property in Ratingen near Dusseldorf, with an area of almost 28,000 square metres. The rental agreement with NetConnect Germany GmbH & Co. KG has now been extended for a further three years with effect from 1 January 2021. The rental agreement with NetConnect Germany GmbH & Co. KG has now been extended for a further three years effective from 1 January 2021.

publity had acquired the Quattrium in 2016 under an asset management agreement and had already achieved pleasing asset management successes with the five-storey office property built in 1993.

Frank Schneider, COO of publity: "This is already the second lease extension we have achieved on the Quattrium in short time. In addition to our successful asset management, the quality of the property with its multi-tenant structure and the very good location close to the metropolis of Dusseldorf has a very positive effect".

Press Contact:

Financial Press and 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.