DGAP-News: Accentro Real Estate AG / Key word(s): Joint Venture/Real Estate
ACCENTRO Real Estate AG acquires stake in portfolio with 567 units in central locations in Berlin

15.06.2018 / 08:00
The issuer is solely responsible for the content of this announcement.


Press release

ACCENTRO Real Estate AG acquires stake in portfolio with 567 units in central locations in Berlin

- ACCENTRO signs minority interest in residential portfolio

- 567 units with a usable area of approx. 44,000 square metres

- Exclusive sales partnership for entire portfolio

Berlin, 15 June 2018 - ACCENTRO Real Estate AG, (WKN: A0KFKB, ISIN: DE000A0KFKB3), Berlin, leading in residential privatisation in Germany, invests in a residential portfolio with 567 units through a joint venture. The 26 buildings with a total area of approximately 44,000 square metres are located in central Berlin. ACCENTRO acts as the exclusive sales partner for the entire portfolio.

Jacopo Mingazzini, CEO of ACCENTRO Real Estate AG, said,
"I am delighted that we have successfully closed the second investment in a large real estate portfolio. Besides the acquisition of residential units for our privatisation portfolio, we increasingly aim for sales partnerships with investors with a strong capital base. With this approach we receive access to a vast pipeline of residential properties for our privatization business. At the same time, we are able to strengthen our results from services."

Privatisation properties shows strong increase
With the closing of this acquisition ACCENTRO has a privatisation portfolio of approximately 3,700 apartments. Thereof, approximately 3,000 units are held in the inventory property portfolio.

About ACCENTRO Real Estate AG
ACCENTRO Real Estate AG, listed on the stock exchange, is the market leader in residential privatisation in Germany. ACCENTRO generates additional revenues through portfolio sales and marketing apartments for institutional investors and project developers. In addition to its home market of Berlin, the company concentrates on metropolitan regions such as Hamburg, Cologne, Dusseldorf, Rhine-Main region, Leipzig, Hanover or Bonn. ACCENTRO Real Estate AG is listed in the Prime Standard of the Frankfurt Stock Exchange (WKN: A0KFKB, ISIN: DE000A0KFKB3).

Contact Investor Relations
Nicole Birth
ACCENTRO Real Estate AG
Uhlandstr. 165
10719 Berlin
Germany
E-Mail: birth@accentro.de
Tel. +49 (0)30 - 887 181 10
Fax +49 (0)30 - 887 181 11

Contact Press
Jan Hutterer
Kirchhoff Consult AG
Borselstraße 20
22765 Hamburg
Germany
Tel. +49 (0)40 - 609 186 65
Fax +49 (0)40 - 609 186 60



15.06.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Accentro Real Estate AG
Uhlandstr. 165
10719 Berlin
Germany
Phone: +49 (0)30 - 887 181 - 0
Fax: +49 (0)30 - 887 181 - 11
E-mail: info@accentro.ag
Internet: www.accentro.ag
ISIN: DE000A0KFKB3
WKN: A0KFKB
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

695317  15.06.2018 

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