Accentro Real Estate AG: ACCENTRO sells residential property to Berlin Citay boundary for 43,5 million euros

DGAP-News: Accentro Real Estate AG / Key word(s): Real Estate Accentro Real Estate AG: ACCENTRO sells residential property to Berlin Citay boundary for 43,5 million euros 18.12.2019 / 08:00 The issuer is solely responsible for the content of this announcement. PRESS RELEASE ACCENTRO sells residential property to Berlin City boundary for 43.5 million euros - EBIT 2019 exceeds 40 million euros - more than forecast - 260 units in Blankenfelde- Mahlow Berlin, 18. Dezember 2019 - ACCENTRO Real Estate AG has sold a residential complex in Blankenfelde-Mahlow, Brandenburg to an institutional investor. The houses were built in 1984 and extensively modernized in 2018-2019. In total, the property has a residential rental area of around 16,000 square meters, spread over 260 apartments. There are an additional 210 parking spaces on the site. "The surrounding area of Berlin has been our focus for a few years now. The property sold is our largest transaction in environs up to now", explains Jacopo Mingazzini, Management Board of ACCENTRO Real Estate AG. " With the completion of this transaction, our EBIT targets will be exceeded and we expect to achieve the previous record value of more than 40 million euros." About ACCENTRO Real Estate AG ACCENTRO Real Estate AG is Germany's market leader in housing privatisations. In addition to its home market of Berlin, the company focuses on auspicious metro regions such as Hamburg, Rhine-Ruhr, Rhine-Main, Leipzig and the greater Munich area. In its Privatisation business unit, ACCENTRO retails condominiums from its proprietary portfolio to owner-occupiers and buy-to-let investors or-bundled into portfolios-to institutional investors. In its Services & Ventures business unit, ACCENTRO sells apartments on behalf of investors and property developers-including through equity investments in its own right within the framework of joint ventures. ACCENTRO Real Estate AG is listed on the Prime Standard segment of the Frankfurt Stock Exchange (German securities code number WKN: A0KFKB, ISIN: DE000A0KFKB3). Press and Public Relations Contact: Karl-Philipp Jann PB3C GmbH Rankestrasse 17 D-10789 Berlin E-mail: [e-mail] Tel. +49 (0)30 - 72 62 76 1612 Fax 163 (0)30 - 83 62 76 49 18.12.2019 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. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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:	[e-mail]
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
EQS News ID:	938625

End of News	DGAP News Service

938625  18.12.2019