Publity has acquired an office complex in Frankfurt. The price for the 13,034 sqm property, built in 1995, was not disclosed, however its primary tenants include ZAR Rhein Main and a subsidiary of BAM Deutschland. In view of the building’s 50 percent vacancy, the investor sees an opportunity to increase its value through asset management. “Frankfurt is an interesting office location for German and international investors. We have noticed price growth, which can profit from our Manage-to-Core-Strategy,“ commented Thomas Olek, CEO at Publity. CMS Hasche Sigle and Albrings and Müller advised during the transaction.
