DGAP-News: publity AG: publity secures full occupancy in Essen property - new tenancy agreement with University Hospital

publity secures full occupancy in Essen property - new tenancy agreement with University Hospital

Frankfurt/Main, 7 May 2020 - publity AG (Scale, ISIN DE0006972508) has achieved another leasing success for the approximately 100,000 square metre property in Essen, which is part of its own real estate portfolio. Another renowned tenant has now been successfully gained with the University Hospital Essen. The University Hospital has leased around 3,000 square metres of office and storage space for five years, which had previously been temporarily used by the Karstadt department store group. By concluding the tenancy agreement with the University Hospital Essen, publity continues to ensure full occupancy of the property. One of the other largest tenants in the property is the Essen police force, which has leased extensive space until 2028.

publity had acquired the property in Essen-Bredeney in 2019 for its own real estate portfolio, which is included in the subsidiary PREOS Real Estate AG and which has been expanded since the beginning of 2019 alone with German office properties worth around one billion euros.

Thomas Olek, CEO of publity AG: "We are pleased that we were able to quickly provide the University Hospital Essen with new office and storage space, which it needs more urgently than ever due to the corona pandemic. Also, it is a gain for us, as we have now been able to sign a further prominent tenant for our property in Essen and thus continue to ensure full occupancy of the property. At the same time it underpins our very well functioning network."

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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.