publity buys contemporary office park in Langen
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The office park has 37,922 square metres of office space and is situated on a 33,809 square metre plot of land. A total of 616 underground and outdoor parking spaces round off the property. The
anchor tenant is Henry Schein, an international provider of medical products, services and equipment. Other tenants in the property are Deutsche Flugsicherung, Commerzbank and Panasonic.
Langen is situated in the Rhine/Main area between Frankfurt/Main and Darmstadt. On account of multiple local retail centres and excellent access to the A3, A5 and A661 motorways, the location is ideal for office concepts. Over 2,900 companies are based in Langen.
With a team headed by Lead Partner Frank Schneider, the law firm of CMS Hasche Sigle provided comprehensive legal advice for the transaction, including project control and legal due diligence. albrings + müller ag was responsible for technical project organisation and for preparing the technical due diligence. NAI Apollo Group brokered the deal.
"The property we purchased stands out thanks to the considerable appeal of the location, along with the attractive purchase price and high quality of the building," commented publity AG CEO Thomas Olek.
Press contact:
Financial press and Investor Relations:
edicto GmbH
Axel Mühlhaus, Peggy Kropmanns
Phone: +49 69 905505-52
Email: 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 strong 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 partners. 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 Deutsche Börse's Scale segment.
End of Media Release
Issuer: publity AG
Key word(s): Real estate
09.05.2017 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: | English |
Company: | publity AG |
Landsteinerstr. 6 | |
04103 Leipzig | |
Germany | |
Phone: | 0341 26178710 |
Fax: | 0341 2617832 |
E-mail: | info@publity.de |
Internet: | www.publity.de |
ISIN: | DE0006972508 |
WKN: | 697250 |
Listed: | Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt |
End of News | DGAP Media |
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