The closed public AIF "publity Performance Fund Nr. 6" has sold the prominent "Haus der Wirtschaftsförderung" in Duisburg after an 18 month holding period. publity attained the property in April 2016 as the portfolio's 559th property and has since been able to acquire numerous new tenants.
The property offers 3,630 square metres of office space on a 1,079 square metre plot in a central location. Due to the elliptical floor plan and two separate staircases, the property is ideally suited as a multi-tenant object. Due to our active asset management, which is a core component of our manage-to-core strategy, we were able to significantly increase the occupancy rate, making it attractive as an investment for professional investors. Achieving an increase in value paved the way for a successful sale, "said Thomas Olek, CEO of publity AG. The law firm CMS Hasche Sigle was responsible for the comprehensive legal advice during the transaction.
End of Media Release Issuer: publity AG Key word(s): Real estate
26.10.2017 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | publity AG |
Landsteinerstr. 6 | |
04103 Leipzig | |
Germany | |
Phone: | 0341 26178710 |
Fax: | 0341 2617832 |
E-mail: | info@publity.de |
Internet: | www.publity.de |
ISIN: | DE0006972508 |
WKN: | 697250 |
Listed: | Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt |
End of News | DGAP Media |
622819 26.10.2017