Berlin, 03 May 2018 – ACCENTRO Real Estate AG, (WKN: A0KFKB, ISIN: DE000A0KFKB3), Berlin, leading in residential property privatisation in Germany, closes a purchase agreement for the acquisition of a unique residential complex in Berlin. The purchase price is €56 million. The rental units will be added to the privatisation portfolio. This strengthens the position of ACCENTRO in one of the most attractive German residential property markets. Sales are planned to begin in the 2019 business year.

“We acquire a Berlin property that is outstanding due to the excellent location and unique Wilheminian architecture,” explained Jacopo Mingazzini, Management Board of ACCENTRO Real Estate AG. “I am pleased that, with this acquisition, we can further strengthen the position of ACCENTRO in our home market Berlin,” added Mingazzini.

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