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     323  0 Kommentare publity erhält rund 400 Mio. Euro Bankfinanzierungen für weiteres Wachstum

    DGAP-Media / 05.04.2016 / 17:14

    - Balanced mix of equity and borrowing when acquiring properties creates
    additional latitude for returns

    - Financing for 15 office properties from German Pfandbrief banks has
    been concluded

    - Average interest rate for financing of less than 1.5% with a 5-year
    term

    - No plans to use the capital markets in the coming 12 months to achieve
    the growth target

    Leipzig, 05 April 2016 - publity AG (Entry Standard, ISIN DE0006972508), an
    investor and asset manager for German office properties, has broadened its
    financial stance and created additional latitude for accelerated growth
    using bank financing for joint venture properties. publity is benefiting
    from the attractive low interest rates to finance property purchases in
    future by using increased borrowing. This results in a significant decrease
    in the amount of equity needed to realise the targets for property purchase
    volumes and for assets under management together with the associated fees.
    This adjustment to the strategy has been agreed with the joint venture
    partners. In the first stage, publity has now concluded financing for 15
    office properties in Germany with German Pfandbrief banks for a total of
    around EUR 400 million with an interest rate of less than 1.5%. The loans
    all have a term of five years.

    This financing, coupled with the recent capital increase with gross
    proceeds from the issue of around EUR 19.8 million and a highly profitable
    business model means that publity has the capital required to achieve its
    target growth without requiring any further capitalisation activities. The
    company does not plan to use the capital markets in the coming 12 months.
    At the end of 2015 the assets under management more than tripled compared
    to 2014 to EUR 1.6 billion, and the real estate assets managed are expected
    to increase to more than EUR 5 billion by the end of 2017.

    These bank-financed properties have been acquired as part of joint ventures
    with institutional investors. They are located in urban areas in Germany.
    publity participates in property acquisitions with an interest of up to 3
    percent in the total investment volume. It then takes over end-to-end asset
    management and is also involved in selling the properties at a profit. To
    date, property acquisitions have been exclusively equity financed. The
    objective is to increase the LTV (loan to value), or the level of debt
    depending on the value of the real estate portfolio, to around 60% over the
    medium term, and thus to further increase the pace of investments.

    Press contact:
    Financial press and investor relations:
    edicto GmbH
    Axel Mühlhaus/Peggy Kropmanns
    Telephone: +49 69 905505-52
    E-Mail: publity@edicto.de

    About publity
    publity AG is an asset manager specialising in office properties in
    Germany. The company covers a broad value chain, from purchases through to
    the development and sale of the properties, and also has a track record of
    several hundred successful transactions. publity is characterised by its
    sustainable network in the real estate sector as well as banks' Work Out
    departments, and has excellent access to funding. The company executes its
    transactions quickly using a highly efficient process with tried and
    trusted parters. In some cases, publity acts as a co-investor in joint
    venture transactions to a limited extent. publity AG's shares (ISIN
    DE0006972508) are traded on Frankfurt Stock Exchange's Entry Standard.


    Ende der Pressemitteilung

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    Emittent/Herausgeber: publity AG
    Schlagwort(e): Immobilien

    05.04.2016 Veröffentlichung einer Pressemitteilung, übermittelt durch DGAP -
    ein Service der EQS Group AG.
    Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

    Die DGAP Distributionsservices umfassen gesetzliche Meldepflichten,
    Corporate News/Finanznachrichten und Pressemitteilungen.
    Medienarchiv unter http://www.dgap-medientreff.de und http://www.dgap.de

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    publity erhält rund 400 Mio. Euro Bankfinanzierungen für weiteres Wachstum DGAP-Media / 05.04.2016 / 17:14 - Balanced mix of equity and borrowing when acquiring properties creates additional latitude for returns - Financing for 15 office properties from German Pfandbrief banks has been concluded - Average …

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