Publity AG Sells Office Property in Wilhelmshaven

publity AG announced the sale of an office building in Wilhelmshaven, a port city, effective March 13, 2024. The asset manager managed to secure a deal for the property which boasts over 4,000 square meters of rental space currently leased to JadeWeserPort, a port operator. The property, known for its modern design and strategic location within the port’s vicinity, has a contract lasting for another 9.4 years. Despite the challenging market conditions, the terms of the sale, including the identity of the buyer and the sales price, were kept confidential by both parties.

Wilhelmshaven, recognized as a key industrial hub due to its direct North Sea access, features significant maritime services, efficient port facilities, and has recently increased in economic stature with the start of the LNG terminal operations in early 2023. Frank Schneider, CEO of publity, highlighted the transaction as a testament to the company’s robust asset management capabilities, especially in navigating the current market landscape. This move underpins publity's expertise in office real estate within Germany, further solidifying its position in the market.