Berlin, 22 January 2018 – ACCENTRO Real Estate AG (WKN securities code number: A0KFKB, ISIN: DE000A0KFKB3), Berlin, just sold a 75% interest in its subsidiary ACCENTRO Gehrensee GmbH. The latter owns a property of around 41,500 sqm in Berlin’s Lichtenberg borough. The equity stake is being sold to a Berlin-based property developer with ample experience in construction projects specifically in this borough.
“The transaction marks the next step in the implementation of our proven strategy in the housing construction segment, namely to intensify our collaboration with property developers who bring advanced technical know-how to the job,” explained Jacopo Mingazzini, CEO of ACCENTRO Real Estate AG. “This will enable us to extend our great sales performance into the area of new developments without any major change to our company’s risk structure,” Mingazzini went on to say. He concluded by adding: “We intend to invest the liquid capital released by the part sale of the project company in our core business—tenant-friendly housing privatisations.”
About ACCENTRO Real Estate AG
ACCENTRO Real Estate AG is a listed residential property company. Its core business consists of tenant-friendly housing privatisations. The company’s subsidiary ACCENTRO GmbH is the market leader for housing privatisation services in Germany.
ACCENTRO Real Estate AG has its registered office in Berlin and is listed on the Prime Standard of the Frankfurt Stock Exchange (WKN securities code number: A0KFKB).
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