DGAP-News: publity AG and the Seoul-based Meritz Financial Group and its Asset Manager IGIS Asset Management Co. Ltd., have agreed to jointly finance the ongoing real estate acquisition program of publity AG

Frankfurt - With Meritz Financial Group ("Meritz") and IGIS Asset Management ("IGIS"), publity AG (Scale, ISIN DE0006972508) has gained two strong financing and investment partners for the acquisition of German office properties. Over the next 18 months, investments in publity AG's real estate portfolio in the higher three-digit million range are planned as part of the cooperation.
 

The first successful joint transaction was the purchase of the EUR130 million office building "St. Martin Tower" in Frankfurt at the beginning of April 2019. As part of publity's further investments, its own real estate portfolio is to be significantly expanded. The focus will be on selected office properties in German conurbations with good locations, high-quality building equipment and substantial value creation potential.
 

Thomas Olek, CEO of publity AG: "We are very pleased that we were able to win such a renowned and financially strong partner such as Meritz for the planned further expansion of our portfolio. With Meritz as our financing partner, we are accelerating our portfolio growth significantly".
 

Publity was supported in concluding partnership by Blueriver Advisors, Seoul.

 

Press contact:
Financial press and investor relations:
edicto GmbH
Axel Mühlhaus/ Peggy Kropmanns
Tel.: +49 69 905505-52
E-Mail: [email protected]

 

About publity
publity AG is an asset manager and investor specialised in office real estate in Germany. With the asset management of real estate and the realisation of non-performing loans (NPL), the company has a robust basis for various market phases. Since 2018, publity has also been building up its own portfolio of selected office properties, benefiting fully from increases in the value of the properties.

publity covers a broad value chain from the acquisition and development to the sale of the real estate and has a Track Record of several hundred successful transactions. publity is characterised by a sustainable network in the real estate industry and in the Work Out departments of financial institutions, has very good access to investment funds and handles transactions with a highly efficient process quickly with proven partners. On a case-by-case basis, publity participates as co-investor in joint venture transactions to a limited extent. The shares of publity AG (ISIN DE0006972508) are traded on the Scale segment of the German Stock Exchange.