02 11 2018

ACCENTRO Expands into the Rhine-Ruhr Region

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 Immobilien und Beteiligungs GmbH, who brings an outstanding network and regional expertise in North Rhine-Westphalia to the table. ACCENTRO Real Estate AG will hold an equity stake of 75% in ACCENTRO Rhein-Ruhr GmbH.

From Oberhausen, ACCENTRO will push forward with its pinpoint acquisitions of existing properties for its core business of condominium retailing. In the Rhine-Ruhr region, the cities of Düsseldorf, Cologne/Bonn, and Münster are particularly interesting for the purpose, as are selected locations in certain cities in the Ruhr, such as Bochum, Essen, Dortmund and Duisburg.

“To us, the Rhine-Ruhr metro region presents a highly fragmented yet very attractive market of considerable potential. Our investments in Bonn and Cologne so far have been rather successful. We aim to pick up on that,” elaborated Jacopo Mingazzini, CEO or ACCENTRO Real Estate AG.

Thorsten Laskowski, Geschäftsführer der Ruhrwert Immobilien und Beteiligungs GmbH, added: “We are pleased to have found a powerful partner in ACCENTRO. The combination of our regional expertise and the privatisation know-how of ACCENTRO creates the perfect foundation for an auspicious expansion in our metro region.”

About ACCENTRO Real Estate AG

ACCENTRO Real Estate AG is a key player in the residential property privatisation market in Germany. In addition to its home market of Berlin, the company also places a focus on promising metropolitan regions such as Hamburg, Cologne, Düsseldorf, the Rhine-Main area, Leipzig, Hanover or Bonn.
In its Privatisation division, ACCENTRO sells flats from its own housing stock to owner-occupiers and investors, or – combined into portfolios – to institutional investors. In its Services and Ventures division, ACCENTRO sells apartments for investors and project developers – including in the form of interests in joint ventures.
ACCENTRO Real Estate AG is listed in the Prime Standard of the Frankfurt Stock Exchange (WKN: A0KFKB, ISIN: DE000A0KFKB3).

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