ACCENTRO Real Estate AG

Leading in housing privatisation in Germany

We are market leaders in residential privatisation in Germany. Our real estate portfolio covers more than 5,000 residential units in high-potential growth regions in Germany. With this property portfolio, we profit from a persistently high demand for residential property, rising rents and historically low interest rates.

No. 1

in residential privatization

1.8 bn

Sales volume in euro

17,000

Units sold

EBIT Development

36.4m euro

2017

32.9m euro

2018

39.8m euro

2019

34.8m euro

2020

Corporate Structure

Management & Supervisory Board

Lars Schriewer

Chief Executive Officer

Lars Schriewer has been appointed Chief Executive Officer (CEO) on the Management Board of ACCENTRO Real Estate AG since the beginning of March 2020. He is an industry veteran with almost 20 years of experience in management positions in the real estate sector and has a focus on residential real estate. He has wide-ranging expertise at the interface between real estate and the capital market. Before joining Accentro Real Estate AG, Lars Schriewer was Senior Vice President at SSN Group. In this role, he particularly supervised the M & A process with Consus Real Estate AG with a volume of EUR 1.1 billion. Prior to this, he held executive positions at Westgrund AG (S-DAX) and Vivacon AG (M-DAX) for several years.

Axel Harloff

Axel Harloff

Chairman of the supervisory board

Axel Harloff was born in Hamburg in 1959, and holds a degree in business administration. Following positions in the fund management and asset management divisions of several companies in Hamburg, he joined the Management Board of Adler Real Estate AG in 2003, and remained a board member until he left the company in 2016. In 2016, Axel Harloff became the main shareholder and Board Member of ERWE Immobilien AG based in Frankfurt am Main. In addition, Axel Harloff is Chairman of the Supervisory Board of Consus Real Estate AG, a company also based in Berlin.

Natig Ganiyev

Natig Ganiyev

Member of the Supervisory Board

Natig Ganiyev was born in 1981 in Azerbaijan. He graduated in 2008 with a Master´s Degree in Business Administration from Harvard Business School in Boston. Mr Ganiyev started his career on Wall Street in 2003 and since then worked for various international investment companies where he led transactions in food, agriculture, real estate and hospitality sectors. In 2014, Mr Ganiyev founded Vestigo Capital in London as a private investment company focusing mainly on real estate and renewable energy. Mr. Ganiyev is a member of the Supervisory Board of Malta Montenegro Wind Power JV Ltd, Malta.

Carsten Wolff

Carsten Wolff

Member of the Supervisory Board

Carsten Wolff, a businessman who was born in Cologne in 1960, has been in charge of the accounting and finance department at ADLER Real Estate AG since early 2003. He previously worked at Deutsche Steinzeug Cremer & Breuer AG for a number of years, most recently as the head of internal audit. Mr Wolff is a member of the board of directors (CFO) of A.D.O. Group LTD, Tel Aviv, Israel, and a board member of Eurohaus Frankfurt AG, Berlin, which are both fully owned subsidiaries of ADLER Real Estate AG, while also being a member of the supervisory board of ERWE Immobilien AG, Frankfurt am Main

Latest Press Releases

09.

Jun 2021

Berlin, 09. Jun 2021

Accentro Housing Cost Report 2021: Homeownership is on Average 56% More Cost Effective than Renting

Berlin, 9 June 2021 – In 2020, owning a home in Germany was on average 56% more cost effective than renting it.

03.

Jun 2021

Berlin, 03. Jun 2021

ACCENTRO CFO Hans-Peter Kneip Is Leaving the Company for Personal Reasons

• Supervisory Board regrets the decision and thanks Kneip for his excellent work • CEO Lars Schriewer takes over finance department on an interim basis

01.

Jun 2021

Berlin, 01. Jun 2021

ACCENTRO Starts Year with 85% Revenue Growth

• Strong growth in revenues and earnings during first quarter • Sales volume in individual privatisation segment doubles to EUR 54.1 million • Private investors accounted for about 90% of the flats sold in Q1

Partners and Memberships

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Member

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Analyst Ratings

Philipp Kaiser

Warburg Research
Target 14,00 EUR
Date 01.06.2021
Recommendation Buy

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Stefan Scharff, Christopher Mehl

SRC-Research
Target 11,50 EUR
Date 02.06.2021
Recommendation Buy

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Ferran Tort Barniol

Kepler Cheuvreux
Target 11,00 EUR
Date 29.06.2021
Recommendation Buy

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Dr. Adam Jakubowski

SMC-Research
Target 13,20 EUR
Date 16.06.2021
Recommendation Buy

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Enid Omerovic

FMR Frankfurt Main Research AG
Target 10,00 EUR
Date 02.06.2021
Recommendation Buy

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Klaus Soer, Jannik Lucas

Quirin Privatbank
Target 12,55 EUR
Date 27.11.2020
Recommendation Buy

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Manuel Martin

ODDO BHF
Target 8,00 EUR
Date 13.07.2021
Recommendation Hold

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Andre Remke

Baader Helvea Equity Research
Target 10,00 EUR
Date 18.12.2019
Recommendation Buy

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