CACEIS to take care of real estate 14 November 2013Leipzig Reporter: Georgina Lavers
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The German asset manager, publity Performance GmbH, has mandated CACEIS to act as depository for its real estate mutual funds.
The Leipzig-based parent company, publity AG, primarily invests in commercial real estate as well as in business premises and residential houses in German metropolitan areas such as Frankfurt am Main, Hamburg and Munich.
Publity Performance GmbH, an affiliate of publity AG, operates as an independent asset management company.
CACEIS was awarded the mandate on the strength of its expertise in the field of real estate fund servicing: “We are delighted with the high quality of the service package CACEIS brings to the deal, and we especially appreciate the smooth onboarding process that the group provides in Germany” said Thomas Olek, CEO of publity AG.
“We are very pleased that publity Performance GmbH awarded CACEIS the mandate and recognised our experience in the field of real estate investment servicing. We aim to meet all publity Performance’s depository needs in Germany, and we look forward to the opportunity to support them through our wider European network for any future cross-border activities”, said Holger Sepp, co-head and member of the management board of CACEIS in Germany.
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