03 05 2018

ACCENTRO acquires a unique residential complex in a central location in Berlin and expands privatisation portfolio

Berlin, 03 May 2018 – ACCENTRO Real Estate AG, (WKN: A0KFKB, ISIN: DE000A0KFKB3), Berlin, leading in residential property privatisation in Germany, closes a purchase agreement for the acquisition of a unique residential complex in Berlin. The purchase price is €56 million. The rental units will be added to the privatisation portfolio. This strengthens the position of ACCENTRO in one of the most attractive German residential property markets. Sales are planned to begin in the 2019 business year.

“We acquire a Berlin property that is outstanding due to the excellent location and unique Wilheminian architecture,” explained Jacopo Mingazzini, Management Board of ACCENTRO Real Estate AG. “I am pleased that, with this acquisition, we can further strengthen the position of ACCENTRO in our home market Berlin,” added Mingazzini.

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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