Leipzig / Eschborn, 12.12.2017 - publity AG (Scale, ISIN DE0006972508) has profitably sold the 41,000 m2 Landmark property LG Tower in the Alfred-Herrhausen-Allee, Eschborn near Frankfurt am Main. publity acquired the object in 2015 as its 548th management portfolio property, and has since been able to significantly improve its occupancy rate. The successful sale means the company has again been able to profit from the value-enhancing development of its asset management. Erected in 2002, the building sits on an 11,775 m2 plot, has 23 floors with two wings, 12 lifts, 906 parking spaces and offers flexibility with regard to use of the premises. As such, the office complex is well suited as a single or multi-tenant object. Recognised as one of the most dynamic office locations in Germany, Eschborn also offers a very good transport infrastructure with excellent access to Frankfurt city centre and Frankfurt Airport. Numerous well-known companies such as Siemens, Deutsche Telekom, Ernst & Young and IBM have made their headquarters here. "The office complex in Eschborn is one of the most prominent properties in the office district, and is characterised particularly by its excellent locational advantages, build quality and flexibility of use. The profitable sale after just two years confirms our successful asset management and high demand, even for large-volume properties, " said Thomas Olek, publity AG CEO. The transaction has been accompanied by the law firm CMS Hasche Sigle and NAI Apollo.
About publity End of Media Release Issuer: publity AG Key word(s): Real estate
12.12.2017 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG. |
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, Frankfurt (Scale), Stuttgart, Tradegate Exchange |
End of News | DGAP Media |
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