J.P. Morgan Asset Management and LGT Capital Partners acquire an office portfolio of approx. 100.000 sqm
publity guides its asset management mandate with the successful sale
Frankfurt, 25th May 2018 - A fund managed by J.P. Morgan Asset Management acquired together with LGT Capital Invest a portfolio consisting of four office buildings located in Greater Munich area (2 assets), Cologne and Düsseldorf. publity AG supported the successful sale.
Completed between 2000 and 2003, the properties have a total area of ca. 100,000 sqm and are almost fully let. The portfolio is characterized by its attractive, well-diversified multi-tenant structure consisting predominantly of brand name enterprises from a range of industries.
DLA Piper and NAI Apollo advised the purchasers during the course of the transaction. J.P. Morgan Asset Management and LGT Capital Invest were advised by Hengeler Mueller and Ernst & Young, and LGT Capital Partners AG were advised by Gleiss Lutz. The parties have agreed not to disclose further details of the transaction.
About J.P. Morgan Asset Management:
J.P. Morgan Asset Management, with assets under management of $1.7 trillion (as of March 31, 2018), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high-net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. JPMorgan Chase & Co. (NYSE: JPM), the parent company of J.P. Morgan Asset Management, is a leading global financial services firm with assets of approximately $2.6 trillion (as of March, 2018) and operations in more than 60 countries. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
About J.P. Morgan Global Alternatives:
J.P. Morgan Global Alternatives is the alternative investment arm of J.P. Morgan Asset Management. With more than $130 billion in assets under management and over 800 professionals (as of March 31, 2018), we offer strategies across the alternative investment spectrum including real estate, private equity and credit, infrastructure, transportation, liquid alternatives, and hedge funds. Operating from 23 offices throughout the Americas, Europe and Asia Pacific, our independent alternative investment engines combine specialist knowledge and singular focus with the global reach, vast resources and powerful infrastructure of J.P. Morgan to help meet each client's specific objectives. For more information: www.jpmorganassetmanagement.com.
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 characterised 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.
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