As a member of the board of Publity AG, he built up a branched group for commercial real estate. But its business methods are controversial. Investors are suing in court that he misled them.
(Photo: Publity AG, Getty Images (2))
Dusseldorf, Berlin Anyone who resides here has made it. The Villa Lunkewitz is well hidden behind high walls in Park Louisa in the southwest of Frankfurt, surrounded by a 16,000 square meter property. The swimming pool is in the garden house. Local agents estimate the value of Thomas Olek’s estate at 20 million euros.
Until the end of 2020, Olek was CEO of the Publity Group, in which he also holds almost half of all shares. According to the financial group, it manages a real estate portfolio with a value of more than five billion euros. According to its own advertising, Publity places “particular importance on the transparency of the investment process, the greatest possible objectivity in the selection and the highest level of integrity in all business matters”.
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