- Pressemitteilung BoxID 632342
publity grows assets under management from EUR 1.6 billion to EUR 3 billion and expands NPL portfolio to EUR 2.4 billion in 2016
The strong growth in assets under management also provides a substantial boost to publity’s recurring income from asset management contracts. publity also receives a finders' fee for the acquisition of real estate and then participates in the profitable sale of joint venture properties.
In 2016, publity also won several high-volume contracts for the sale of non-performing real estate loans, mainly from major German banks, boosting its NPL portfolio to total receivables of EUR 2.4 billion and making it the largest NPL servicer in Germany. Complementing publity’s core business of co-investments under joint venture agreements, this segment will continue to be the second pillar of the company’s business model and contribute to its planned further growth.
publity AG is an asset manager specialising in office properties in Germany. The company covers a broad value chain, from purchases through to the development and sale of the properties, and also has a track record of several hundred successful transactions. publity is characterised by its strong network in the real estate sector as well as banks' Work Out departments, and has excellent access to funding. The company has excellent access to investment funds and executes its transactions quickly using a highly efficient process with tried and trusted partners. In some cases, publity acts as a co-investor in joint venture transactions to a limited extent. publity AG's shares (ISIN DE0006972508) are traded on Frankfurt Stock Exchange's Entry Standard.
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