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
- 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
---------------------------------------------------------------------------
451561 05.04.2016
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
---------------------------------------------------------------------------
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
---------------------------------------------------------------------------
451561 05.04.2016
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