The established financial investor for commercial real estate Publity is once again making a lucrative purchase. In cooperation with Hamburg Commercial Bank, the office skyscraper “Access Tower” succeeds in purchasing a high-yield office property in a prime location between Frankfurt city centre and the airport.
The Access Tower’s features
The office skyscraper “Access Tower” with its 69 meters and 21 floors is one of the tallest buildings in the Frankfurt district of Niederrad. It was built in 1970 and completely modernized in 2002 and covers a total of 21,000 sqm. The tower offers high-quality office space with very good equipment as well as an attractive gastronomy offer and around 300 parking spaces. The office town of Niederrad is centrally located between Frankfurt city centre and the airport.
The acquisition of these high-quality real estate vehicles in the metropolitan area of the financial metropolis of Frankfurt allows publity AG to once again expand its investment activities. The company covers the value chain from the purchase, through development to the sale of the real estate. Over the past seven years, more than 1,100 transactions have been completed and a portfolio of more than EUR 5 billion is currently managed.
With the purchase of the high-yield commercial property “Access Tower”, publity AG is once again expanding its investment activities.
Cooperation enables purchase
Hamburg Commercial Bank AG (HCOB) is further expanding its cooperation with Frankfurter publity AG with the financing of the purchase of the Access Tower. To this end, it is providing EUR 52 million. Oceans & Company was an adviser in the structuring and mediation of the financing.
It has been agreed not to disclose the purchase price. This year, this partnership enables several major real estate projects, most recently in the purchase financing for the Karstadt headquarters in Essen. This seems to seal a partnership that promises returns. Peter Axmann, Head of Real Estate Clients at Hamburg Commercial Bank, said: “We have already launched several major real estate projects with the publity Group this year, and have portrayed the players there as very savvy and extremely effective in process processing”.
Peter Axmann, Head of Real Estate Clients at Hamburg Commercial Bank, enables the acquisition of further properties as a financing partner.
A purchase among many lucrative commercial properties
publity AG, an asset manager and investor specialising in office real estate in Germany, is further expanding its investment activities in German metropolitan areas. With lucrative acquisitions, such as the Access Tower in Frankfurt and, among other things, the Karstadt headquarters in Essen, the success story continues for the company and the investors. Thanks to strong financing partners, the growth course is also successful. Thomas Olek, CEO of publity AG, also commented: “We are pleased to have Hamburg Commercial Bank once again as a strong financing partner on our side as a strong financing partner in this project. The Bank has thus made a total of around EUR 250 million available to our group of companies for various projects and we look forward to continuing to work together well.”
Born 1981 in Strasbourg, is a freelance journalist for various online media throughout Europe, focusing on finance, real estate and politics. He gathered his professional expertise as a consultant for global players and medium-sized companies. Fournier studied economics and german in Paris and Dresden. He currently lives in Saarland and has been a member of the Euro Leaders team since the beginning of 2019.