Leipzig-based investment manager Publity has received a new asset management mandate for a low-billion euro sum from a South American investor.
The German investor and asset manager, which currently manages an asset portfolio worth €3 bn, said that the investor had a lower yield target than previous Publity customers.
As a result, Publity plans to primarily target core and core+ office properties across Germany over the next 30 months for the client.
The company said that it should be possible to implement the new mandate using its existing asset management platform, without establishing any significant additional resource.
Publity is led by CEO Thomas Olek (right) and Frederik Mehlitz (left), head of the finance department.
