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ACCENTRO Acquires Property Manager of 18,500 Flats

29.

December 2020

Berlin, 29 December 2020 – ACCENTRO Real Estate AG (securities identification number: A0KFKB, ISIN: DE000A0KFKB3) is acquiring all the shares of DIM Holding AG (“Deutsche Immobilien Management”). The purchase agreement on the takeover of the real estate manager has been signed today. This strategic acquisition will allow for further growth of ACCENTRO and the expansion of its property portfolio. DIM Holding AG is one of the leading real estate managers in Germany with approximately 2.8 billion euros in assets under management. The company manages around 18,500 residential units with a total area of approximately 1.4 million square metres; it has about 130 employees and operates seven branch offices across Germany.

About ACCENTRO Real Estate AG

ACCENTRO Real Estate AG is a residential property investor and Germany’s market leader in housing privatisations. Its real estate portfolio consisted of around 5,200 units as of 31 December 2020. In addition to Berlin, regional focal points include East German cities and conurbations, as well as the Rhine-Ruhr metro region and Bavaria. The business activity of ACCENTRO comprises four core divisions. These are the tenant-sensitive retailing of condominiums to owner-occupiers and private buy-to-let investors, the sale of real estate portfolios to institutional investors, the set-up and management of a proprietary real estate portfolio, and third-party condominium marketing for property asset holders, investors and developers. The shares of ACCENTRO Real Estate AG are listed on the Prime Standard segment of the Frankfurt Stock Exchange (German securities code number WKN: A0KFKB, ISIN: DE000A0KFKB3). investors.accentro.de

Contact for investor relations

Thomas Eisenlohr

ACCENTRO Real Estate AG

Kantstraße 44/45

10625 Berlin

E-Mail

Telefon

eisenlohr@accentro.de

+49 (0)30 - 88 71 81 272

Press And Public Relations Contact

Karl-Philipp Jann

PB3C GmbH

Rankestrasse 17

10789 Berlin

E-Mail

Telefon

jann@pb3c.com

+49 (0)30 - 72 62 76 1612

Further readings

Ad-Hoc News

Accentro Steps Back from Acquisition of Dim Holding AG

12. May 2021

Berlin, 12 May 2021 – ACCENTRO Real Estate AG decided today to sign a termination agreement concerning the sale-and-purchase agreement for the acquisition of DIM Holding AG (“Deutsche Immobilien Management”).
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Ad-Hoc News

ACCENTRO Publishes Figures for Its 2020 Financial Year – EBIT Before One-Off Effects Tops Prior-Year Figure

26. April 2021

Berlin, 26 April 2021 – ACCENTRO Real Estate AG, Germany’s leading housing privatisation company, has published preliminary figures for its 2020 financial year.
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