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DGAP-News: publity AG: publity plans to increase assets under management to around 7 billion euros by the end of 2020

DGAP-News: publity AG: publity plans to increase assets under management to around 7 billion euros by the end of 2020

DGAP-News: publity AG / Key word(s): Miscellaneous
publity AG: publity plans to increase assets under management to around 7 billion euros by the end of 2020
14.11.2019 / 11:40
The issuer is solely responsible for the content of this announcement.


Press Release

publity plans to increase assets under management to around 7 billion euros by the end of 2020

- AuM increased to over EUR 5.5 billion in the current year despite numerous property sales

- Strong 2019 for publity


Frankfurt 14.11.2019 - publity AG (Scale, ISIN DE0006972508) has increased its assets under management from EUR 4.6 billion at the end of 2018 to over EUR 5.5 billion despite numerous property sales. By the end of 2020, the real estate assets under management are expected to increase to around EUR 7 billion. The positive development in asset management reflects publity's strong positioning as one of the most successful players in the German commercial real estate market with excellent access to attractive properties and a broad network.

Over the past few months, a number of properties have been acquired for customers and also for the company's own real estate portfolio, which is located in the subsidiary PREOS Real Estate AG, and sold profitably. Within the framework of asset management contracts, publity receives a finder's fee for the purchase of the property, is remunerated for the asset management of the properties and receives a share in the profits from the sale of the properties. publity participates in all value increases of its own portfolio held via PREOS.

Thomas Olek, CEO and major shareholder of publity AG: "We're having a tremendous year at publity. It is clear that there still are numerous attractive properties on the German office real estate market and we find them - for our customers in asset management and for our own portfolio at our subsidiary PREOS Real Estate AG. Our extremely extensive real estate database, our network and our many years of experience are the basis for this. The market success of publity obviously also convinces institutional investors from all over the world, which is why we expect assets under management to increase to around 7 billion euros over the year."


Press Contact:

Financial Press and Investor Relations:
edicto GmbH
Axel Mühlhaus/ Peggy Kropmanns
Phone: +49 69 905505-52
Mail: publity@edicto.de

 

About publity

publity AG ("publity") is an asset manager and investor specialised in office real estate in Germany. The company covers the core of the value chain from the acquisition to the development and the sale of real estate. With over 1,100 transactions in the past seven years, publity is one of the most active players in the real estate market. Currently, the company manages a portfolio with a value of over five billion euros. publity is characterized by a sustainable network in the real estate industry and in the Work-Out departments of financial institutions. With very good access to investment funds, publity handles transactions rapidly with a highly efficient process and 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 Deutsche Börse.



14.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: publity AG
Opernturm, Bockenheimer Landstraße 2-4
60306 Frankfurt am Main
Germany
Phone: 0341 26178710
Fax: 0341 2617832
E-mail: info@publity.de
Internet: www.publity.de
ISIN: DE0006972508, DE000A169GM5
WKN: 697250, A169GM
Indices: Scale 30
Listed: Regulated Unofficial Market in Dusseldorf, Frankfurt (Scale), Hamburg, Stuttgart, Tradegate Exchange
EQS News ID: 912915

 
End of News DGAP News Service

912915  14.11.2019 

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Publity AG Stock

€35.05
-1.270%
We can see a decrease in the price for Publity AG. Compared to yesterday it has lost -€0.350 (-1.270%).
Currently there is a rather positive sentiment for Publity AG with 5 Buy predictions and 2 Sell predictions.
With a target price of €39.00 there is a slightly positive potential of 11.270% for Publity AG compared to the current price of €35.05.
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