Publity AG acquires of an office property in Mülheim an der Ruhr, Germany, for more than €20m.
The four-storey core plus property is situated at Luxemburger Allee 4-8 in the city's Saarn district providing approximately 16,600 m² of office space as well as 253 parking spaces.
“With its outstanding fit-out quality, 100% occupancy and established anchor tenants, this office property represents an optimal investment to complement publity's existing assets under management,” says Stefan Mellies, director of investment for Savills in Düsseldorf. “In addition, Saarn is the largest and most affluent district in the city, which is situated in North Rhine-Westphalia.”
Savills advised in conjunction with Cubion, real estate experts in the Ruhr area, during the sale process.
