Publity AG Successfully Sells Office Property in the Rhine-Ruhr Metropolitan Region

Frankfurt am Main, March 20, 2024 - publity AG, a renowned asset manager, announced the sale of a prime office and warehouse property in Mühlheim an der Ruhr. Spanning nearly 4,500 square meters with over 130 parking spaces, the property hosts Europipe GmbH as its main tenant, a leading manufacturer of large-diameter pipes. The terms of the sale, including the buyer and purchase price, remain undisclosed to the public.

Located in the heart of the Rhine-Ruhr metropolitan region, this office building enjoys a strategic position in North Rhine-Westphalia, Germany’s most populous and economically prolific federal state. This region is home to numerous DAX companies, highlighting the area's significance in the German economy.

Frank Schneider, CEO of publity, expressed satisfaction with the transaction, emphasizing the success of selling a fully let property in a challenging market. publity is known for its focus on green asset management, particularly office properties across Germany, implementing sustainable, ESG-compliant practices in its operations.