publity AG
publity AG: publity closes financing with Helaba for real estate purchases of over 200 million euros
DGAP-News: publity AG
/ Key word(s): Financing/Real Estate
Press release
– Helaba provides two loans of EUR 133 million for the purchase of WestendCarree in Frankfurt am Main and EUR 67 million for Sky Germany headquarters near Munich Helaba’s capital tranche that has now been paid out represents the final debt capital portion for the purchase of the WestendCarree, which covers approx. 30,550 square metres, and the Sky headquarters with a rental area of around 30,000 square metres. Both properties were acquired for publity AG’s own portfolio, which is bundled in the subsidiary PREOS Real Estate AG. The closing of the transactions has now already taken place in each case; details of the purchase prices of the properties have not been disclosed. Thomas Olek, CEO of publity AG: “We are proud to have Helaba as a further renowned financing partner at our side. We see this as a sign of confidence in our company and as confirmation of our strategy. We are looking forward to a further good cooperation, which should have a positive effect on our growth. In the meantime, we have expanded our own portfolio, which we hold in our subsidiary PREOS, to around EUR 1.1 billion and plan to purchase further properties in 2020 for up to EUR 2 billion. Oceans & Company acted in an advisory function during the arrangement of the financing. Press Contact: Financial Press and Investor Relations: 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. About Helaba With around 6,100 employees and total assets of €222 billion, the Helaba Concern is one of the leading banks in the Frankfurt financial centre. Helaba is a universal bank with close integration in the German Sparkassen organisation. Helaba’s range of services in the real estate sector covers the entire value chain from financing, conception and development to the operation of sophisticated properties. Helaba also offers institutional investors a variety of attractive investment opportunities. Real estate business is not just part of the Bank’s core business; commercial real estate finance business is one of Helaba’s strongest pillars and is consistently ranked among the most successful in national and international markets thanks to its outstanding expertise, intelligent risk profile and stringent approach. More information about Helaba is available on the Internet at: www.helaba.de
11.02.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | publity AG |
Opernturm, Bockenheimer Landstraße 2-4 | |
60306 Frankfurt am Main | |
Germany | |
Phone: | 0341 26178710 |
Fax: | 0341 2617832 |
E-mail: | info@publity.de |
Internet: | www.publity.de |
ISIN: | DE0006972508, DE000A169GM5 |
WKN: | 697250, A169GM |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Dusseldorf, Frankfurt (Scale), Hamburg, Stuttgart, Tradegate Exchange |
EQS News ID: | 972545 |
End of News | DGAP News Service |