Corporate News

Berlin, 18 December 2019 – ACCENTRO Real Estate AG sold a housing estate located in the town of Blankenfelde-Mahlow just beyond Berlin’s city limits in Brandenburg to an institutional investor.

The sold houses were raised in 1984 and extensively modernised in 2018-2019. Overall, the property divides into 260 flats with a combined lettable residential area of around 16,000...

Berlin, 6 November 2019 – The Berlin-based property company ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3) just presented a solid nine-month account for its 2019 financial year and reaffirmed its EBIT forecast. Consolidated revenues came to EUR 73.4 million while the total assets increased by EUR 43.6 million since the balance sheet date of 31 December 2018,...

Berlin, 02. Oktober 2019 – The number of condominiums sold in Munich has decreased slightly and remains in the 4-digit range with 9,846 units sold (2017: 9,950). This implies a dip by roughly 1.05 percent. At the same time, the trend in revenues points up. Sales revenues in 2018 totalled 4.761 billion euros (2017: 4,454 billion euros). This equals a revenue increase by...

Berlin, 30. September 2019 – The revenues total achieved in the Rhine-Main region, which includes the cities of Frankfurt am Main, Wiesbaden, Mainz, Darmstadt and Offenbach, added up to 2.44 billion euros in 2018. This implies a modest one-year decline of 0.90 percent since 2017 (2.46 billion euros). At the same time, the number of sales transactions also declined...

Berlin, 24 September 2019 – With 18,885 residential units sold in 2018, Berlin remains the star performer on the German housing market. Runner-up, while trailing far behind, is Munich with 9,846 units sold. But among the “Big Seven” cities, the German capital also suffered the steepest decline in the number of condominiums sold after a drop by 11.66 percent (2017: 21,377...

Berlin, 23. September 2019 – Die ACCENTRO Real Estate AG hat ein Wohnportfolio in Oberbayern für mehr als 50 Millionen Euro erworben. Insgesamt wurden im Jahr 2019 damit bisher Immobilien im Wert von 137,5 Millionen Euro angekauft. Das Portfolio zeichnet sich durch ein erhebliches Nachverdichtungspotenzial und stärkt damit auch das Neubau-Segment von ACCENTRO. Mit einem...

Berlin, 23 September 2019 – In 2018, a total of 124,467 condominiums were sold in the 82 German cities covered by the report. This implies a decline by 2.51 percent year on year and continues the downward trend of the previous year, when the number of condominium sales had decreased by 5.62 percent. However, the sales volume increased by 4.14 percent whereas last year, a...

Berlin, 8 August 2019 – The Berlin-based property company ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3) laid the ground for a prosperous financial year during the first six months of 2019. By mid-year of the 2019 financial year, the consolidated revenues added up to EUR 34.5 million while the total assets increased by EUR 24.9 million since the balance sheet...

Berlin, 03 May 2019 – The Berlin-based property company ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3) is on track for a successful 2019 financial year after completing the first quarter with a robust performance. Apartment retailing of more than 290 units with a planned revenue total of EUR 106.4 million and a contribution of over EUR 35 million to operating...

Berlin, 22 February 2019 – Kepler Cheuvreux has started the coverage of ACCENTRO Real Estate AG. According to the initial assessment, the analysts at Kepler Cheuvreux rate the shares with "buy". The target price is set at EUR 10.50 per share. This represents an upside potential of around 18 per cent compared to the share price at the time of publication.

About ACCENTRO...

Berlin, 20.11.2018 – Die ACCENTRO Real Estate AG (WKN: A0KFKB / ISIN: DE000A0KFKB3) wird ab dem 23.11.2018 bis zu 10.200 eigene Aktien gemäß § 71 Abs.1 Nr. 2 AktG zur geplanten Ausgabe von unentgeltlichen Belegschaftsaktien erwerben. Die Aktien sollen im Zeitraum von 26.11.2018 bis 19.12.2018 an die Mitarbeiter der Gesellschaft im Rahmen eines...

- Expansion into the Rhine-Ruhr region and progress of the Leipzig office
- At EUR 21.0 million, EBIT was in line with expectations (previous year: EUR 22.3 million)
- Positive outlook: Confirmation of revenue and earnings forecast for 2018

Berlin, 6 November 2018 – Berlin-based ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3) continued on its growth path during...

Berlin, 02 November 2018 – ACCENTRO Real Estate AG, Germany’s leading company for housing privatisations, continues to pursue its nationwide expansion. The company is in the process of setting up the subsidiary ACCENTRO Rhein-Ruhr GmbH and opening a branch office in Oberhausen. At the same time, ACCENTRO Real Estate AG identified a strategic partner on the ground, Ruhrwert...

- ACCENTRO places 2.12 million new shares for EUR 9.50 per share with institutional investors
- Proceeds of around EUR 20 million to secure further growth
- Transaction strengthens capital market profile and increases free float

Berlin, 16 October 2018. ACCENTRO Real Estate AG (WKN A0KFKB, ISIN DE000A0KFKB3, “ACCENTRO”, the “company”), Berlin, a leader in residential...

Berlin, 4 October 2018 – The number of condominiums sold in Munich has declined slightly and is down to 9,950 (2016: 11,057), back in the 4-digit range. This implies a decrease by roughly ten percent. However, the dip in the number of transactions is not matched by the trend in revenues. Sales in 2017 added up to a total of 4,454 billion euros (2016: 4,668 billion euros),...

Berlin, 1 October 2018 – A total of 7,316 condominiums changed hands in the Rhine-Main region in 2017, specifically in the cities of Frankfurt, Wiesbaden, Mainz, Darmstadt and Offenbach. This implies a decline of 7.65 percent year on year (7,922 units). However, the sales volume remained largely stable, dropping by a mere 0.2 percent to 2.46 billion euros. “The largely...

Berlin, 26 September 2018 – Leipzig and Dresden reaffirmed their great significance for Germany’s housing market. Both cities, the two largest in the state of Saxony, defended their places among the top ten in the ranking of fastest-selling cities. Sales figures in Leipzig remained stable and suffered only a minimal decline of 3.88 percent as the number of units sold...

Berlin, 25 September 2018 – Berlin remains squarely in the lead nationwide with 21,377 residential units sold in 2017 (down from 22,549 units in 2016). The city is trailed at considerable distance by runner-up Munich with 9,950 units sold. However, it was the second time in as many years that the capital registered a decline in the number of flats sold, which dropped from...

Berlin, 18 September 2018 – In the 82 major cities covered, a total of 125,821 existing and new-build condominiums changed hands in 2017. This implies a decline by 7,490 sales or 5.62 percent year on year. The drop in the number sales was particularly steep in Germany’s metropolises: In Stuttgart (-14.98 percent), Cologne (-13.64 percent), Hamburg (-12.54 percent),...

Berlin, 9 August 2018 – ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3), Berlin, has seen continued growth in the first half of 2018. Revenue increased significantly by 129.4 % to EUR 97.9 million (previous year: EUR 42.7 million). EBIT increased by 28.1 % to EUR 14.3 million (previous year: EUR 11.2 million). The company is therefore well on its way to achieving...

Berlin, 16th of July 2018 – ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3) in Berlin, a leader in residential property privatisation in Germany, has added majority interests in two real estate portfolios to its privatisation holdings. The 295 units purchased are primarily attractive older properties located centrally in Berlin. The purchase price of the majority...

Berlin, 25 June 2018 – ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3) in Berlin, a leader in residential property privatisation in Germany, has acquired an office building located at Kantstrasse 44/45 in Berlin-Charlottenburg. With a total area of around 3,300 sqm, ACCENTRO will use the building to house its new headquarters. In addition, the property is...

- 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...

Berlin, 24 May 2018 – SRC Research has started the coverage of ACCENTRO Real Estate AG. According to the initial assessment, the bank-independent analysts house for Financials and Real Estate Stocks, rates the shares with "buy". The target price is set at EUR 13.00 per share. This represents an upside potential of around 27 per cent compared to the share price at the time...

- Significant increase in total dividend payout to EUR 5.1 million (previous year: EUR 3.7 million)
- All proposed resolutions were approved by a large majority

Berlin, 16 May 2018 – The Annual General Meeting of ACCENTRO Real Estate AG, market leader in residential privatisation (WKN: A0KFKB, ISIN: DE000A0KFKB3), Berlin, has approved payment of a dividend of EUR 0.17 per...

Berlin, 11 May 2018 – Quirin Privatbank has initiated the coverage of ACCENTRO Real Estate AG. According to the initial assessment, the analysts at Quirin recommend the shares with a "buy" rating. The price target is set at EUR 12.25 per share and represents an upside potential of around 26 per cent compared with the share price at the time of publication.
 
The research...

Berlin, 03 May 2018 – ACCENTRO Real Estate AG, (WKN: A0KFKB, ISIN: DE000A0KFKB3), Berlin, leading in residential property privatisation in Germany, closes a purchase agreement for the acquisition of a unique residential complex in Berlin. The purchase price is €56 million. The rental units will be added to the privatisation portfolio. This strengthens the position of...

-  Consolidated revenue increase by 47.7% in the first quarter of 2018 to EUR 30.7 million
-  EBIT grows by 72.3% year-on-year to EUR 8.4 million
-  Expansion of the privatisation portfolio by 6.0% to EUR 322.2 million opens up significant growth potential

Berlin, 03 May 2018 – ACCENTRO Real Estate AG, (WKN: A0KFKB, ISIN: DE000A0KFKB3), Berlin, leading in residential...

Berlin, Cologne, 17 April 2018 – Living in property you own remains significantly cheaper than renting. This year’s “ACCENTRO-IW Cost of Living Report” shows that the costs for owner-occupied accommodation are around a third lower than renters’ costs across Germany. The general conditions for acquiring residential property remain excellent. The study is based on national...

Berlin, 16 March 2018 – ACCENTRO Real Estate AG, (WKN: A0KFKB, ISIN: DE000A0KFKB3), Berlin, leader in residential property privatisation in Germany, looks back at a successful 2017 reporting year, having outperformed expectations with a strong business performance. Revenue climbed 17.8% to EUR 147.3 million (previous year: EUR 125.1 million). EBIT increased by 7.3% to EUR...

- Minority interest in residential portfolio with 321 units in prime locations in Hamburg
- Privatisation of 193 units planned via ACCENTRO’s distribution platform

Berlin, 9 March 2018 – ACCENTRO Real Estate AG, (WKN: A0KFKB, ISIN: DE000A0KFKB3), Berlin, a leader in residential privatisation in Germany, has entered into a joint venture to acquire a 321-unit residential...

Berlin, 16 February 2018 – Berlin-based ACCENTRO Real Estate AG (WKN A0KFKB, ISIN DE000A0KFKB3), a key player in the privatisation of residential property in Germany, has announced that it will call its convertible bond 2014/2019 (WKN A1YC4S, ISIN DE000A1YC4S6), issued in 2014, prior to maturity. The remaining balance of EUR 414,737.50 plus interest accrued will be repaid...

Berlin, 24 January 2018 – ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3), Berlin, the only listed housing privatisation company in Germany, suc-cessfully placed a corporate bond of 100 million euros. „The size of our current pipeline has prompted us to consider alternative financing models. We are currently examining the purch-ase of more than 1,200 residential...

Berlin, 22 January 2018 – ACCENTRO Real Estate AG (WKN securities code number: A0KFKB, ISIN: DE000A0KFKB3), Berlin, just sold a 75% interest in its subsidiary ACCENTRO Gehrensee GmbH. The latter owns a property of around 41,500 sqm in Berlin’s Lichtenberg borough. The equity stake is being sold to a Berlin-based property developer with ample experience in construction...

Berlin, 22 December 2017 – The Berlin-based property company ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3) just bought seven multi-family dwellings in excellent locations of Berlin.

“These latest acquisitions show that we operate successfully in a fiercely competitive housing market, and that we are consistently expanding our privatisation portfolio. The...

Berlin, 3 November 2017 – ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3) has continued its brisk performance of recent years. The company reaffirmed its annual forecast of approximately 34 million euros in EBIT for the year as a whole. It is planned – subject to the performance during the remainder of the 2017 financial year – to propose to the annual general...

Berlin, 05 October 2017 – ACCENTRO Real Estate AG (German securities code number WKN: A0KFKB, ISIN DE000A0KFKB3) recently bought and sold nearly 79 million euros worth of residential real estate. Transactions included a residential real estate portfolio of altogether eight properties, which was sold to a family office for 43.78 million euros. The portfolio consists of 259...

Berlin, 11. August 2017 – The Berlin-based company ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3) met expectations with a mid-year result of EUR 5.8 million from its continuing operation. ACCENTRO therefore reaffirmed its EBIT forecast for the 2017 financial year in the amount of EUR 34 million.

Key Ratios for the First Half-Year 2017

Year-on-year comparison...

Berlin, 06 June 2017 – The Berlin-based ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN DE000A0KFKB3) will take over a housing estate of 49 residential units in Cologne’s district of Niehl. “In addition to Leipzig, we are entering the market of another fast-growing city this year, elaborated Jacopo Mingazzini, the CEO of ACCENTRO Real Estate AG.

“The city is on record with a...

Berlin, 12 June 2017 – The Berlin-based company ACCENTRO Real Estate AG (German securities code number WKN: A0KFKB, ISIN: DE000A0KFKB3) adjusted the conversion price and the conversion ratio for its 2014/2019 convertible bond (ISIN DE000A1YC4S6, WKN: A1YC4S). This was announced by Accentro on 12 June 2017.

Both the conversion price and the conversion ratio of the bond...

Berlin, 16 May 2017 – At the annual general meeting of ACCENTRO Real Estate AG, shareholders approved the resolution proposals made by the Management Board and Supervisory Board with clear majorities. Among the resolutions passed was the payment of a dividend of 0.15 euros per share, which was approved by 99.99 percent of the capital represented.

The action of the...

Berlin, 12 May 2017 – ACCENTRO Real Estate AG (ISIN: DE000A0KFKB3), Germany’s only listed company for housing privatisations, has kept up the pace of its 2016 banner year. Compared to the prior-year period, the company increased its consolidated income to 3.0 million euros in Q1 2017 (Q1 2016: 2.6 million euros). Consolidated revenues totalled 20.8 million euros and thus...

Berlin, 03. April 2017 – Berlin-based ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3) continues its expansion across Germany. The company just acquired 333 residential units at an attractive price in Leipzig. The square-metre price is 665 euros, the gross initial yield approximates 7.5 percent. “Leipzig is one of those swarm cities that evolve at breakneck speed...

As a result of the early repayment, the loan-to-value (LTV) ratio improved from 53.2% to 49.1%. On top of that, the average interest of the debt capital dropped by 0.45 percentage points down to 2.65%. A like-for-like analysis shows that the annual interest expense for the group was reduced by 925,000 euros, which is tantamount to 25.6%. “The early termination of the...

Berlin, 10 March 2017 – The Berlin-based company ACCENTRO Real Estate AG (German securities code number WKN: A0KFKB, ISIN: DE000A0KFKB3) just reported a consolidated income of 26.5 million euros during its 2016 financial year, which considerably exceeds its original income forecast. Indeed, ACCENTRO generated the highest consolidated income in the company’s history. The...

Berlin, 13 February 2017 – ACCENTRO just kicked off the marketing drive for its “360°” housing development comprising 172 flats. The two apartment buildings at Koppenstrasse 81-86 and Lange Strasse 74-79 add up to a total of 145 existing flats. In addition, another 27 modern attic apartments are being created by topping up the buildings.

“In the case of the ‘360°’...

Berlin, 09 January 2017 – The Berlin-based company ACCENTRO Real Estate AG (German securities code number WKN: A0KFKB, ISIN: DE000A0KFKB3) raised its income forecast for the past year once again. ACCENTRO anticipated a consolidated income between 25.0 and 27.0 million euros. The previous forecast had predicted 20.0 million euros. The portfolio was moreover expanded by...