A long-term international investor acquired 5.4% stake in PREOS Real Estate AG (XTRA:PAG) from publity AG (XTRA:PBY) for €50 million on July 9, 2020. Under the terms of the transaction, publity AG will sell 3.85 million shares. The investor has agreed to a lock-up period of 12 months. Post-closing, publity's stake in PREOS will decrease to approximately 86.5%. publity AG will use the earnings from the sale to support our further growth with a focus on first-class office properties in the top 7 German cities.

A long-term international investor complete the acquisition of 5.4% stake in PREOS Real Estate AG (XTRA:PAG) from publity AG (XTRA:PBY) on July 9, 2020.