Brief: Publity Signs Sublease Agreement With Institute For Federal Real Estate

Publity AG

07/01/2020 09:20

Jan 7 (Reuters) - PUBLITY AG  PBYG.DE :
    * CONCLUDES SUBLEASE AGREEMENT WITH INSTITUTE FOR FEDERAL
REAL
ESTATE (BIMA) FOR 'PUBLITY CENTER' IN LEIPZIG
    * AGREEMENT STIPULATES THAT AUTHORITY WILL FIRST MOVE INTO
ONE OF
TWO PARTS OF BUILDING WITH APPROXIMATELY 2,000 SQUARE METERS IN
"PUBLITY CENTER" AND, IN A SECOND STEP, OCCUPY ALL AREAS WITH
MORE THAN 3,000 SQUARE METERS AS TENANTS
    * SOLD PROPERTY IN LEIPZIG TO AN INTERNATIONAL INVESTOR IN
2015
AND CONCLUDED A LEASE AGREEMENT WITH LATTER UNTIL END OF 2031
    * THERE IS AN EXCEPTIONAL TERMINATION RIGHT FOR PUBLITY OF 6
WEEKS
TO END OF MONTH, WHICH CAN BE EXERCISED FOR FIRST TIME ON 1 MAY
2020

Source text for Eikon:  ID:nEQbsgQ0ha 
Further company coverage:  PBYG.DE 

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