Publity, Korean firms partner for office building acquisitions


Publity has teamed up with the South Korean investor Meritz Financial Group and the asset management firm Igis for the acquisition of German office properties. Joint investments “in the higher three-digit million range” are planned for the coming 18 months. As majority owner, Publity will place the acquired properties in its portfolio. Focus will be on office properties with high-quality facilities and value creation potential at good locations in German metropolitan areas. The first joint transaction was the purchase of Frankfurt’s “St. Martin Tower” for €130mn. Publity was advised in the signing of the partnership by the Seoul-based Blueriver Advisors.

TD Premium

Subscribers to our premium service have access to this article in full as well as to an additional 510,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.

TD Premium is Germany’s leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.