Berlin, 25 February 2020 – ACCENTRO Real Estate AG has acquired a total of 115 units in central Berlin. The residential portfolio has been acquired for EUR 23.9 million. This follows the notarisation of 113 units in other transactions in the capital region for a total of EUR 16.35 million. In addition, properties in Cologne, Bonn and Krefeld will be integrated into the ACCENTRO portfolio in the first half of 2020 for a total of around EUR 7 million.
“The Berlin residential real estate market remains the largest and most liquid German market despite the introduction of the new ‘rent cap’. The economic fundamentals in the German capital are developing healthily, and significantly better than the German average. Demand for condominiums in Berlin remains strong, which is why we will continue to invest here in the future, even as we expand our activities in other regions”, says Jacopo Mingazzini, Managing Director of ACCENTRO Real Estate AG.
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 and Leipzig. 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 of the Frankfurt Stock Exchange (German securities code number WKN: A0KFKB, ISIN: DE000A0KFKB3).
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