German investor Publity has announced two acquisitions in Dusseldorf and Frankfurt for an undisclosed amount.
German investor Publity has announced two acquisitions in Dusseldorf and Frankfurt for an undisclosed amount.
In the largest of the two deals, the company has bought the 16,650 m2 K-Lan office complex in Dusseldorf. Built in 2002 and redeveloped in 2013, the asset is almost fully let to tenants including Portigon Financial Services.
'With K-LAN, we were able to expand our portfolio with an investment in one of the top locations in Germany,' commented Thomas Olek, CEO of publity.
In Frankfurt, Publity has acquired a 9,000 m2 office building in the Neu-Isenburg district. Completed in 1993, the asset is mostly leased to a Cash & Carry group.
Law firm CMS Hasche Sigle advised on both deals.