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ACCENTRO REAL ESTATE AG

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ACCENTRO Real Estate : ACCENTROs “Riehmers Hofgarten” Project Meets with High Interest

10/15/2021 | 04:52am EST

ACCENTROs "Riehmers Hofgarten" Project Meets with High Interest

  • 50 percent of apartments already marketed

Berlin, 15 October 2021 - ACCENTRO Real Estate AG, an investor in residential real estate and Germany's leading housing privatisation company, has notarised sale-and-purchase agreements or reservations already in place for about 50 percent of the condominiums available for sale at the Riehmers Hofgarten architectural landmark building.

"Unit sales at Riehmers Hofgarten are making swift progress. Kreuzberg's renown in the international cultural scene and the special charm of this unique residential complex have attracted many prospects, especially local ones, and even incumbent tenants are strongly interested in buying their homes," elaborated Lars Schriewer, CEO of ACCENTRO Real Estate AG. "We successfully brought this unique estate back to life. In addition to owner-occupiers who will surely find their dream homes here, the residential and commercial units are also excellent buy-to-let investment opportunities."

The various period apartments and commercial units as well as the exclusive new-build penthouses of the complex have footprints of up to 300 square metres and anywhere between two and nine bedrooms. All refurbished apartments, many of which are reached by lift, come with tall ceilings and well-appointed bathrooms. The penthouse apartments feature extra roof terraces with a view across the skyline of Berlin. Marketing of the attic apartments is to start early next year.

In close consultation with the office for historic monuments - aside from many of the apartments - staircases and entrance areas are being renovated with a lavish attention to detail. Some of the original frescoes were uncovered, for instance. The outside facilities, including the playground, are also being overhauled and expanded. Among other things, bicycle and pram parking spaces will be provided in addition to the existing underground car parking spaces.

For more details on Riehmers Hofgarten and for virtual viewings of the properties, go to: https://www.riehmers-hofgarten-berlin.de/

About ACCENTRO Real Estate AG

ACCENTRO Real Estate AG is a residential property investor and Germany's market leader in housing privatisations. Its real estate portfolio consisted of around 5,200 units as of 31 December 2020. In addition to Berlin, regional focal points include East German cities and conurbations, as well as the Rhine-Ruhr metro region and Bavaria. The business activity of ACCENTRO comprises four core divisions. These are the tenant-sensitive retailing of apartments to owner-occupiers and private buy-to-let investors, the sale of real estate portfolios to institutional investors, the set-up and management of a proprietary real estate portfolio, and third-party apartment marketing for property asset holders, investors and developers. The shares of ACCENTRO Real Estate AG are listed on the Prime Standard segment of the Frankfurt Stock Exchange (German securities code number WKN: A0KFKB, ISIN: DE000A0KFKB3). www.accentro.ag

Disclaimer

Accentro Real Estate AG published this content on 15 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2021 08:51:02 UTC.


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Average target price 11,96 €
Spread / Average Target 78,5%
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Lars Schriewer Chief Executive Officer
Hans-Peter Kneip Chief Financial Officer
Axel Horst Harloff Chairman-Supervisory Board
Carsten Wolff Vice Chairman-Supervisory Board
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