PRESS RELEASE : ACCENTRO Increases Condominium Sales by 98%

DGAP-News: Accentro Real Estate AG / Key word(s): Real Estate 
ACCENTRO Increases Condominium Sales by 98% 
2021-05-17 / 09:30 
The issuer is solely responsible for the content of this announcement. 
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ACCENTRO Increases Condominium Sales by 98% 
- 135 units sold for 51.4 million euros during Q1 
- March 2021 is the most successful month for individual sales in the company's history 
- Pipeline for individual sales well filled with half a billion euros in selling value 
 
Berlin, 17 May 2021 - ACCENTRO Real Estate AG, a residential real estate investor and Germany's leading housing 
privatisation company, just concluded a successful first quarter for its housing privatisation business. During the 
first three months of the year, 135 residential units were retailed to tenants, owner-occupiers and buy-to-let 
investors. The sales added up to 51.4 million euros, thereof 32.3 million euros in March alone. This makes March 2021 
the most successful month for individual sales in the annals of ACCENTRO. Overall, the first quarter of 2020 was 
clearly exceeded. During last year's reference period, 95 units had been sold for 26.0 million euros. 
In addition, ACCENTRO's existing pipeline for individual sales is well filled and comprises properties in a prospective 
selling value of approximately half a billion euros. These have already been lawfully partitioned into condominiums and 
are therefore exempt from the recently enacted Development Land Release Act that applies to residential real estate in 
"strained housing markets." The pipeline assets will form the basis for ACCENTRO's continued successful business 
development in the years to come. 
"Our success in the housing privatisation business reflects the faith that condominium buyers have in ACCENTRO. But it 
also showcases our sales strength and the quality of our products," said Lars Schriewer, CEO of ACCENTRO Real Estate 
AG. "The keen interest shown by retail condominium buyers despite the coronavirus crisis is simultaneously a signal to 
politics to keep subsidising homeownership. The demand for condominiums is as strong as it's ever been," Schriewer 
adds. 
"ACCENTRO is superbly positioned on the market. We are developing into a broad-based residential property investor who 
is building up a proprietary nationwide portfolio parallel to the privatisation business," Schriewer added. Just 
recently, ACCENTRO managed to fully place a 100-million-euro bond. Sole investor was a major pension fund. 
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: [e-mail] 
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: [e-mail] 
Tel. [phone] 
Mobile: [phone] 
 
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2021-05-17 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 
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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:       [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:  1196941 
 
End of News   DGAP News Service 
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1196941 2021-05-17

 
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(END) Dow Jones Newswires

May 17, 2021 03:31 ET (07:31 GMT)