02 04 2017

ACCENTRO Continues to Expand Nationwide

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 – faster than Berlin, relatively speaking. Moreover, the city has ranked among the top ten in German as far as the number of condominiums sold annually goes,” said Jacopo Mingazzini, CEO of ACCENTRO Real Estate AG. Together with the portfolio acquisition, ACCENTRO opened a dedicated privatisation office in the city.

The portfolio purchase brings the number of residential units that ACCENTRO AG acquired during Q1 2017 up to a total of 470. In addition to the residential units in Leipzig, 137 flats were bought in the Berlin metro region, thereof 97 in Friedrichshain, Schöneberg, Wedding and Treptow, plus 40 units in Strausberg (outside Berlin). The flats in Leipzig are located in the southern part of the city in Böhlen, Zwenkau and Markkleeberg, and add up to an aggregate floor area of 19,000 square metres. During the entire 2016 financial year, the company acquired 1,765 residential units for privatisation purposes. ACCENTRO specialises in residential property trading, and is Germany’s first listed housing privatisation company that concentrates on the retailing of condominiums to a broad-based spectrum of society.

About ACCENTRO Real Estate AG

ACCENTRO Real Estate AG is a listed residential property company. Its core business consists of tenant-sensitive housing privatisations. The company's subsidiary ACCENTRO GmbH is the market leader for housing privatisation services in Germany. In addition to Berlin, current project and property locations include Leipzig, Hanover, Hamburg and – since July 2017 – Cologne.
ACCENTRO Real Estate AG has its registered office in Berlin and is listed on the Prime Standard of the Frankfurt Stock Exchange (German securities code number [WKN]: A0KFKB).

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