Berlin, 24 March 2020 – ACCENTRO Real Estate AG  has acquired 190 residential units in Potsdam and in the Leipzig region. The purchase price amounts to a total of 9.1 million euros. With the acquisition of the properties ACCENTRO now has a portfolio of approx. 2,430 residential units. The overwhelming majority of the newly-acquired apartments are to be sold to owner-occupiers and buy-to-let investors in the medium to long term.

“With the purchase close to Berlin and in the Leipzig region we are continuing our policy of regional diversification,” says Lars Schriewer, the Chief Executive Officer of ACCENTRO Real Estate AG, adding: “In the future we will see further expansion throughout Germany.”

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). investors.accentro.de