The implementation of the “AIFM Directive” in the new “German Capital Investment Code”, which took effect on 22 July 2013, entails a far-reaching restructuring of the “grey capital market”. In practice, this means more security and transparency for investors, while at the same time imposing stricter regulatory and administrative requirements on issuers, management and distributors. In a parallel process to the ongoing legislation process, the publity financial group has created the organisational bases under company law for future EU law-compliant associated companies with the establishment of publity Emissionshaus GmbH and publity Performance GmbH.
With an impressive 17 year track record as an investor in commercial real estate in larger German cities such as Frankfurt and Munich, publity is proving to be one of the most successful companies with its "manage- to core" concept.
Renowned for transaction speed and purchasing power based on non- leveraged cash only purchases, the Leipzig based publity currently manages an asset portfolio worth 3.0 billion Euro's and can boast a track record of 528 profitably sold German assets to date.
Frederik Mehlitz and Thomas Olek (f.l.t.r.)
• Additional mandate to exploit a further NPL portfolio with receivables of around EUR 831 million
• 5-year servicing agreement with international investor
• Portfolio includes approx. 980 real estate loans
Leipzig, 23 February 2017 - publity AG (Entry Standard, ISIN DE0006972508) has received a new mandate from an international investor to exploit a portfolio of non-performing loans (NPL) with receivables totalling around 831 million. The volume of the total NPL portfolio assigned to publity for servicing has thus increased to around EUR 3.2 billion.
NPL business is the second pillar of publity AG’s business activities. It supplements the core business of co-investments in joint ventures with institutional investors, for which the real estate assets under management now also total around EUR 3 billion. The new NPL portfolio includes approx. 980 real estate loans, mostly from large German banks. As part of the servicing agreement publity will take over the processing and exploitation of the transferred portfolio for a 5-year period and will participate substantially in the exploitation income.
Thomas Olek, publity AG’s CEO, explained: “We are very pleased that we have been able to significantly further expand our NPL business. Once again, our expertise, our many years of experience and our strong network have paid off. What is more, we have been able to substantially further reinforce our position as Germany’s largest NPL servicer.”
The law firm CMS Hasche Sigle, with a team headed by its Lead Partner Frank Schneider, is responsible for end-to-end legal consulting for the transaction.
publity AG has acquired the multi-tenant “UNION CENTER” property in Saarbrücken, which offers approx. 47,000 m2 of space. This office property is let to companies with excellent credit ratings and is located in the centre of the capital city of the Saarland.
publity verzeichnet weiteren Vermietungserfolg über 3.800 m² im „Büropark am Einsteinring in Aschheim“Thursday, 2017-02-16
Das publity Asset Management hat für den 28.410 m² großen „Büropark am Einsteinring in Aschheim“ einen weltweit führenden Software- und IT-Spezialisten, die Wirecard AG, als weiteren Mieter für 3.800 m² Bürofläche gewonnen.
The publity financial group meets high internal quality requirements, legally binding compliance requirements and has a well-balanced social responsibility program. It meets the current and future demands of managers of alternative investment funds through legislation at European and national levels. The publity financial group has taken measures to ensure that its companies, members of executive bodies and employees act in compliance with the law and engage in early risk identification and risk minimisation. The publity financial group thus pursues the objective of repositioning assets via private capital investments, further improving product quality and increasing its attractiveness with security and transparency.