Berlin, 13 November 2020 – ACCENTRO Real Estate AG, Germany’s leading housing privatisation company, continues its dynamic expansion. The company acquired 2,800 units. The portfolio comprises 2,789 residential and 11 commercial units. This brings ACCENTRO’s total inventory up to around 5,200 units. At the stroke of a pen, its inventory more than doubled. “We have significantly speeded up our growth with this acquisition,” explained Lars Schriewer, CEO of ACCENTRO Real Estate AG. It was agreed not to disclose the selling price.
The attractiveness of the flats for tenants is to be further enhanced through modernisation measures. To this end, ACCENTRO will rely on the experience and network in asset and property management that was built up over many years. “Value-added improvements in combination with our successful sales to private and institutional investors will sustainably boost the profitability of our business model,” said Schriewer.
Further Growth Planned
“We will keep expanding our real estate portfolio,” as Schriewer explained: “We do have the financial flexibility that we need for moving ahead. At the same time, we can rely on the long-term, structural growth of Germany’s residential property market as a safe foundation of our success,” said Schriewer.
“The acquired portfolio will help us strengthen our position in attractive locations,” said Schriewer. The flats are spread across several cities, including among others Berlin, Leipzig, Halle and Gera, and benefit without exception from a sound inner-city infrastructure and convenient access to municipal and regional public transportation. The portfolio has a lettable area of around 180,000 square metres.
About ACCENTRO Real Estate AG
ACCENTRO Real Estate AG is Germany’s market leader in housing privatisations. In addition to its home market of Berlin, the company focuses on auspicious metro regions such as Hamburg, Rhine-Ruhr and Leipzig. In its Privatisation business unit, ACCENTRO retails condominiums from its proprietary portfolio to owner-occupiers and buy-to-let investors or—bundled into portfolios—to institutional investors. In its Services & Ventures business unit, ACCENTRO sells apartments on behalf of investors and property developers—including through equity investments in its own right within the framework of joint ventures. ACCENTRO Real Estate AG is listed on the Prime Standard segment of the Frankfurt Stock Exchange (German securities code number WKN: A0KFKB, ISIN: DE000A0KFKB3). www.accentro.ag
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