Berlin, 29 December 2020 – ACCENTRO Real Estate AG is acquiring DIM Holding AG (“Deutsche Immobilien Management”). The purchase agreement was signed today. DIM is one of the leading real estate managers in Germany with about 130 employees at seven locations, managing residential and commercial real estate portfolios in Germany. The company currently has approx. 2.8 billion euros in assets under management with a total area of approx. 1.4 million square metres and manages some 18,500 residential units.

Alongside its current core business of privatisation, ACCENTRO has thus reached a further milestone, advancing its development into a residential investor and portfolio holder. Having only recently more than doubled its stock of residential properties to 5,200 residential units through the purchase of some 2,800 residential units, ACCENTRO is now planning the further expansion of its activities not only in Berlin and eastern Germany, but also in North Rhine Westphalia, in the Rhine-Main region and in Bavaria, where ACCENTRO already owns properties.

“We intend to gradually increase the number of properties owned by ACCENTRO and thus become a long-term lessor irrespective of our privatisation portfolio. With this in mind, it makes sense to have a property manager on hand who acts as on-site caretaker and trouble shooter with knowledge of the local market, close contact to tenants and in-depth technical knowledge of the managed real estate,” explains Lars Schriewer, the CEO of ACCENTRO Real Estate AG. “In DIM, we have found an established company with enormous competence, which forms the basis for the retention and appreciation of the value of the properties in our portfolio,” adds Schriewer.

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