Berlin, 22 January 2018 – ACCENTRO Real Estate AG (WKN securities code number: A0KFKB, ISIN: DE000A0KFKB3) today signed an agreement for the sale of a 75% partnership interest in the company ACCENTRO Gehrensee GmbH, a fully-owned subsidiary that holds a property of around 41,500 sqm in Berlin’s Lichtenberg borough. ACCENTRO Real Estate AG intends to invest the EUR 20 million in liquid capital that will be released by the transaction in its core business, which is tenant-friendly housing privatisation. The transaction will result in a modest contribution to earnings in the 2018 consolidated financial statements of ACCENTRO Real Estate AG.
– The Management Board –
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
22-Jan-2018 / 17:29 CET/CEST / Disclosure of an inside information acc. to Article 17 MAR
Accentro Real Estate AG
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