Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

ACCENTRO REAL ESTATE AG

(A4Y)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

ACCENTRO Real Estate : Expands Portfolio in NRW by 45%

07/19/2021 | 02:31am EDT

DGAP-News: Accentro Real Estate AG / Key word(s): Real Estate/Acquisition
ACCENTRO Expands Portfolio in NRW by 45%

19.07.2021 / 08:30
The issuer is solely responsible for the content of this announcement.


ACCENTRO Expands Portfolio in NRW by 45%

- 150 units acquired in major metropolises

- Total property portfolio in North Rhine-Westphalia (NRW) increases to 482 units

 

Berlin, 19 July 2021 - ACCENTRO Real Estate AG, a residential real estate investor and Germany's leading housing privatisation company, has once again significantly expanded its property portfolio in North Rhine-Westphalia.

ACCENTRO is acquiring 150 units with a combined floor area of 9,525 square metres in the cities of Essen, Neuss, Duisburg and Wuppertal. The company thereby increases its real estate portfolio in the state of North Rhine-Westphalia by 45% from 332 up to now 482 units. The cities have a combined population of around 1.6 million and count among the most important metropolises in the state.

The acquisition represents another consistent step along the growth trajectory that ACCENTRO pursues in North Rhine-Westphalia. Just last year, the company obtained around 270 units, mainly in Essen and Duisburg, in two transactions.

126 units of the newly acquired portfolio are earmarked for the company's proprietary rental portfolio. The rental portfolio in North Rhine-Westphalia, which is almost fully occupied, increases to 395 units with a combined floor area of around 28,000 square metres.

Lars Schriewer, CEO of ACCENTRO Real Estate AG, comments: "Through this acquisition, we are not only significantly expanding our market position in the leading cities of North Rhine-Westphalia. We also keep building up our own rental portfolio in attractive locations."

"The transaction illustrates very well our strategy," added Lars Schriewer. "On the one hand, we seek the geographical diversification of our portfolio concerning our letting and selling activities. On the other hand, and in addition to the attractive privatisation business, we are investing in our proprietary rental stock with the aim of developing it in ways that will enhance its long-term value for residents while steadily increasing the rental income for ACCENTRO at the same time. This combination enables us to optimally serve the German housing market with our products and services, and simultaneously to secure sustainably growing cash flows for the company."


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 condominiums 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 condominium 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

 

Investor Relations Contact:

Thomas Eisenlohr
ACCENTRO Real Estate AG
Kantstrasse 44/45
D-10625 Berlin
E-mail: eisenlohr@accentro.de
Tel. +49 (0)30 - 88 71 81 272

 

Press and Public Relations Contact:

Christian Dose
WMP EuroCom AG
Barckhaus Strasse 1
D-60325 Frankfurt
E-mail: c.dose@wmp-ag.de
Tel. +49 (0)69 2475689491
Mobile: +49 (0)173 6679900



19.07.2021 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
Kantstr. 44/45
10625 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
EQS News ID: 1219738

 
End of News DGAP News Service

1219738  19.07.2021 

fncls.ssp?fn=show_t_gif&application_id=1219738&application_name=news&site_id=zonebourse_sftp

ę EQS 2021
All news about ACCENTRO REAL ESTATE AG
08/31ACCENTRO REAL ESTATE : Reports Dynamic Revenue and Earnings Growth
PU
08/31ACCENTRO REAL ESTATE : Reports Dynamic Revenue and Earnings Growth
EQ
08/31PRESS RELEASE : ACCENTRO Reports Dynamic Revenue and Earnings Growth
DJ
08/31ACCENTRO Real Estate AG Reports Earnings Results for the First Half of 2021
CI
08/31ACCENTRO Real Estate AG Provides Earnings Guidance for the Fiscal Year 2021
CI
08/30ACCENTRO REAL ESTATE AG : Preliminary announcement of the publication of financial reports..
EQ
08/30DGAP-AFR : Accentro Real Estate AG: Preliminary announcement of the publication of financi..
DJ
08/05ACCENTRO REAL ESTATE : Shows Outstanding First Half Year 2021
PU
08/04DGAP-AFR : Accentro Real Estate AG: Preliminary announcement of the publication of financi..
DJ
08/04ACCENTRO REAL ESTATE : Shows Outstanding First Half Year 2021
EQ
More news
Financials
Sales 2021 197 M 231 M 231 M
Net income 2021 22,3 M 26,1 M 26,1 M
Net Debt 2021 568 M 666 M 666 M
P/E ratio 2021 10,8x
Yield 2021 1,44%
Capitalization 238 M 279 M 280 M
EV / Sales 2021 4,09x
EV / Sales 2022 3,82x
Nbr of Employees 101
Free-Float 12,1%
Chart ACCENTRO REAL ESTATE AG
Duration : Period :
ACCENTRO Real Estate AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ACCENTRO REAL ESTATE AG
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Last Close Price 7,35 €
Average target price 11,44 €
Spread / Average Target 55,6%
EPS Revisions
Managers and Directors
Lars Schriewer Chief Executive Officer
Hans-Peter Kneip Chief Financial Officer
Axel Horst Harloff Chairman-Supervisory Board
Carsten Wolff Vice Chairman-Supervisory Board
Natig R. Ganiyev Member-Supervisory Board
Sector and Competitors