Waltrop

DGAP-News: publity AG: Sale of a commercial property in North Rhine-Westphalia with long-term tenant

Retrieved on: 
Wednesday, December 16, 2020

Frankfurt/Main, 16.12.2020 - In its capacity as asset manager, publity AG (Scale, ISIN DE0006972508, "publity") successfully sold a commercial property in Waltrop, North Rhine-Westphalia, with a plot size of 25,000 square metres in mid-December.

Key Points: 
  • Frankfurt/Main, 16.12.2020 - In its capacity as asset manager, publity AG (Scale, ISIN DE0006972508, "publity") successfully sold a commercial property in Waltrop, North Rhine-Westphalia, with a plot size of 25,000 square metres in mid-December.
  • The property, acquired by publity around two years ago and successfully managed as an asset manager, is bundled in the existing portfolio of GORE German Office Real Estate AG (ISIN DE000A0Z26C8), an indirect subsidiary of publity.
  • The average remaining term of the leases is just under 13 years, with a current occupancy rate of 91.1%.
  • The main tenant of the commercial property is the internationally active research institute Nuvisan GmbH, which carries out legally required drug studies on behalf of the pharmaceutical industry.

DGAP-News: publity AG extends long-term tenancy agreements of the international research institute Nuvisan GmbH until 2035 for real estate in Upper Bavaria and North Rhine-Westphalia

Retrieved on: 
Thursday, November 5, 2020

Frankfurt am Main, 05.11.2020 - publity AG (Scale, ISIN DE0006972508) has achieved letting successes with its properties managed as asset managers in Grafing near Munich and in Waltrop in North Rhine-Westphalia.

Key Points: 
  • Frankfurt am Main, 05.11.2020 - publity AG (Scale, ISIN DE0006972508) has achieved letting successes with its properties managed as asset managers in Grafing near Munich and in Waltrop in North Rhine-Westphalia.
  • Nuvisan GmbH, an internationally operating research institute and main tenant of the two properties, which operates on behalf of the pharmaceutical industry, has extended its long-term lease agreements for both locations by five years until 2035.
  • The Nuvisan Group has rented a total of approximately 8,000 square meters of space that will be used as offices and laboratories.
  • The properties acquired by publity in November 2018 and managed as asset managers are bundled in the portfolio of GORE German Office Real Estate AG (ISIN DE000A0Z26C8), an indirect subsidiary of publity.