publity - Creating a new real estate investment group
publity plans to transfer up to 94.9% of its stake in subsidiary publity Investor (Investor) to PREOS Real Estate (PREOS), a listed real estate investor controlled by publity’s main shareholder. The transaction is structured as a capital increase for PREOS in exchange for a contribution in kind, implying a valuation for Investor of €400m. The deal will create a real estate investment group led by publity and valued at c €574m, according to company own estimates. We believe this will also solve a potential conflict between Investor and PREOS over deal origination given their similar investment focus.Publity AG is a Germany-based real estate investment company with focus on commercial and office properties in German metropolitan areas, such as Frankfurt am Main, Cologne, Hamburg, Leipzig, Essen and Munich. The Company offers closes real estate funds, such as publity Performance Fonds Nr. 6, publity Performance Fonds Nr. 7, publity Performance Fonds Nr. 8.
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