publity AG
publity AG sells Norman Foster property in Duisburg
DGAP-News: publity AG
/ Key word(s): Disposal/Miscellaneous
publity AG sells Norman Foster property in Duisburg Frankfurt, 03.02.2021– publity AG (Scale, ISIN DE0006972508, “publity”) has successfully sold an attractive property in Duisburg to WIP Dresden GmbH in its position as asset manager. The parties have agreed not to disclose the purchase price. The office building with a total rental area of more than 3,700 square metres is centrally located in Duisburg and features a solid multi-tenant structure. The architecturally striking building, designed by the renowned British architect Sir Norman Foster, is also known as the “House of Economic Development”. Since acquiring the property in 2016, publity has been able to increase the occupancy rate from 22 percent to the current 85 percent. The office property is in the asset portfolio of GORE German Office Real Estate AG (ISIN DE000A0Z26C8), an indirect subsidiary of publity AG. The transaction was accompanied by the Berlin-based real estate consultancy Neopolis Advisory. Frank Schneider, Executive Board member of publity: “In the past few years, we have successfully developed the well-known property in Mülheimer Straße in Duisburg. Within around four years, we have succeeded in significantly expanding the tenant structure in the office building and increasing rental income as a result.” Press Contact: About publity
03.02.2021 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: | 1165466 |
End of News | DGAP News Service |