25 06 2018

ACCENTRO Real Estate AG acquires office building for its new headquarters in Berlin-Charlottenburg

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 suitable for the construction of apartments with a total gross floor area of approximately 2,900 sqm.

Jacopo Mingazzini, CEO of ACCENTRO Real Estate AG, said,
“The acquisition concludes an almost two-year search for the ideal location for our corporate headquarters. The vacancy rate for commercial real estate reached an all-time-low of less than two per cent inside the S-Bahn-ring. The commercial rents rise rapidly, resulting in monthly rents of more than 40 Euro per square meter in top locations. We avoid the rising rents with the acquisition of an own office. Furthermore, now we are able to profit from the expected positive value development. Additionaly, the real estate property allows the construction of additional appartments, which would strengthen our core business.”

About ACCENTRO Real Estate AG

ACCENTRO Real Estate AG, listed on the stock exchange, is the market leader in residential privatisation in Germany. ACCENTRO generates additional revenues through portfolio sales and marketing apartments for institutional investors and project developers. In addition to its home market of Berlin, the company concentrates on metropolitan regions such as Hamburg, Cologne, Dusseldorf, Rhine-Main region, Leipzig, Hanover or Bonn. ACCENTRO Real Estate AG is listed in the Prime Standard of the Frankfurt Stock Exchange (WKN: A0KFKB, ISIN: DE000A0KFKB3).

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