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DGAP-Media / 2018-05-25 / 10:50
J.P. Morgan Asset Management and LGT Capital Partners acquire an office
portfolio of approx. 100.000 sqm
*publity guides its asset management mandate with the successful sale*
Frankfurt, 25th May 2018 - A fund managed by J.P. Morgan Asset Management
acquired together with LGT Capital Invest a portfolio consisting of four
office buildings located in Greater Munich area (2 assets), Cologne and
Düsseldorf. publity AG supported the successful sale.
Completed between 2000 and 2003, the properties have a total area of ca.
100,000 sqm and are almost fully let. The portfolio is characterized by its
attractive, well-diversified multi-tenant structure consisting predominantly
of brand name enterprises from a range of industries.
DLA Piper and NAI Apollo advised the purchasers during the course of the
transaction. J.P. Morgan Asset Management and LGT Capital Invest were
advised by Hengeler Mueller and Ernst & Young, and LGT Capital Partners AG
were advised by Gleiss Lutz. The parties have agreed not to disclose further
details of the transaction.
About J.P. Morgan Asset Management:
J.P. Morgan Asset Management, with assets under management of $1.7 trillion
(as of March 31, 2018), is a global leader in investment management. J.P.
Morgan Asset Management's clients include institutions, retail investors and
high-net worth individuals in every major market throughout the world. J.P.
Morgan Asset Management offers global investment management in equities,
fixed income, real estate, hedge funds, private equity and liquidity.
JPMorgan Chase & Co. (NYSE: JPM), the parent company of J.P. Morgan Asset
Management, is a leading global financial services firm with assets of
approximately $2.6 trillion (as of March, 2018) and operations in more than
60 countries. Information about JPMorgan Chase & Co. is available at
www.jpmorganchase.com [1].
About J.P. Morgan Global Alternatives:
J.P. Morgan Global Alternatives is the alternative investment arm of J.P.
Morgan Asset Management. With more than $130 billion in assets under
management and over 800 professionals (as of March 31, 2018), we offer
strategies across the alternative investment spectrum including real estate,
private equity and credit, infrastructure, transportation, liquid
alternatives, and hedge funds. Operating from 23 offices throughout the
Americas, Europe and Asia Pacific, our independent alternative investment
engines combine specialist knowledge and singular focus with the global
reach, vast resources and powerful infrastructure of J.P. Morgan to help
meet each client's specific objectives. For more information:
www.jpmorganassetmanagement.com.
About publity
publity AG is an asset manager specialised in German office real estate. The
company covers a broad value chain from acquisition to development through
to the sale of real estate and has a track record of several hundred
successful transactions. publity is characterised by a strong network in the
real estate sector as well as by the work out departments of financial
institutions, has very good access to investment resources and conducts
transactions quickly with a highly efficient process with proven partners.
As a co-investor, publity is, to a limited extent, involved in joint venture
transactions. The shares of publity AG (ISIN DE0006972508) are traded on the
exchange segment Scale of the German stock exchange.
End of Media Release
Issuer: publity AG
Key word(s): Real estate
2018-05-25 Dissemination of a Press Release, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: publity AG
Landsteinerstr. 6
04103 Leipzig
Germany
Phone: 0341 26178710
Fax: 0341 2617832
E-mail: info@publity.de
Internet: www.publity.de
ISIN: DE0006972508, DE000A169GM5
WKN: 697250, A169GM
Indices: Scale 30
Listed: Regulated Unofficial Market in Dusseldorf, Frankfurt (Scale),
Stuttgart, Tradegate Exchange
End of News DGAP Media
689601 2018-05-25
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(END) Dow Jones Newswires
May 25, 2018 04:50 ET (08:50 GMT)
