Publity AG: Thomas Olek's contract as a member of the Managing Board extended prematurely through to 2023

Leipzig, 10 October 2017 - The Supervisory Board of publity AG (Scale, ISIN DE0006972508) has extended the contract for CEO Thomas Olek once again and prematurely for a further five-year period through to 3 October 2023. His initial contract had a term through to 3 October 2018.
 

As a result of his expertise in both real estate and the market and his broad network Thomas Olek has played a key role in the dynamic growth of publity AG's business. publity is now one of the fastest growing asset managers on the German commercial real estate market with assets under management of around EUR 4.0 billion. This figure is set to total around EUR 5.2 billion by the end of 2017 and around EUR 7 billion by the end of 2018.

Thomas Olek has been publity AG's major shareholder since 2003 and is also its CEO. The company's board of management also includes Frederik Mehlitz as CFO. As a result of the premature extension of Thomas Olek's contract as a member of the Managing Board publity is excellently positioned for its planned further profitable growth.

Press Contact:
Financial press and Investor Relations:
edicto GmbH
Axel Mühlhaus/ Peggy Kropmanns
Telefon: +49 69 905505-52
E-Mail: publity@edicto.de

About publity

publity AG is an asset manager specialised in German office real estate. The company covers a broad value chain from acquisition to development through to the sale of real estate and has a track record of several hundred successful transactions. publity is characterized by a strong network in the real estate sector as well as by the work out departments of financial institutions, has very good access to investment resources and conducts transactions quickly with a highly efficient process with proven partners. As a co-investor, publity is, to a limited extent, involved in joint venture transactions. The shares of publity AG (ISIN DE0006972508) are traded on the exchange segment Scale of the German stock exchange.