publity - Lower transaction activity in FY20
While publity continues to pursue its two-pillar strategy based on real estate asset management and own investments, it is in discussions with a large Asian conglomerate to sell a majority stake in PREOS, which (through publity Investor and GORE German Office Real Estate) holds the group’s investment properties. The parties are also negotiating the provision of an additional three-digit million euro in funding to PREOS (on the successful closure of the deal) to fuel its international portfolio expansion. Meanwhile, the FY20 results of the asset management business were below FY19 due to the impact of the pandemic on property transaction volumes.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.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
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