Publity : awarded additional asset management mandate

publity will identify attractive office properties on the German market for Consus Commercial Property, provide support during the purchase process and act as the asset manager to subsequently grow the properties' value. The corresponding contractual agreement has been concluded at publity's standard conditions. These properties have market values of between EUR 10 and 25 million, which means that publity will be working for Consus in a less competitive environment compared to other size categories. Consus is thus addressing above average potential for returns and for increasing value using an added-value approach and by acquiring properties in extraordinary situations. The investment focus will be on established office locations in German city regions. An investment portfolio of commercial properties, bought individually, and with a market value in excess of EUR 200 million, was acquired at the start of the alliance. The sellers were various institutional investors. publity believes that Consus Commercial Property will dynamically expand its purchased volume in the coming quarters. Thomas Olek, publity's CEO and major shareholder, is invested in Consus Commercial Property as a private individual via his investment company.

Thomas Olek, publity's CEO: 'We are very pleased with this new mandate. It will allow us to supplement the purchasing profiles we implement for other customers without any overlaps. It will thus allow us to further increase our assets under management. This results in remuneration as an asset manager for publity - in particular for the purchase of and then growing the value of the properties. I am convinced that Consus occupies a highly attractive market niche, and that publity can contribute substantial added value as an asset manager.'