Press Release

ACCENTRO Buys and Sells Nearly €79m Worth of Residential Real Estate

05.

October 2017

Berlin, 05 October 2017 – ACCENTRO Real Estate AG (German securities code number WKN: A0KFKB, ISIN DE000A0KFKB3) recently bought and sold nearly 79 million euros worth of residential real estate. Transactions included a residential real estate portfolio of altogether eight properties, which was sold to a family office for 43.78 million euros. The portfolio consists of 259 residential units that are located in south-east Berlin. Acquisitions added up to 35.31 million euros and included 240 residential units in Berlin’s boroughs of Mitte and Friedrichshain-Kreuzberg as well as in Hanover.

“We have superior access to our home market Berlin, and are in a position to buy portfolios on a large scale despite the short supply. At the same time, we take advantage of the current market situation to transact selected sales,” elaborated Jacopo Mingazzini, CEO of ACCENTRO Real Estate AG. “Berlin is, and will remain, our key market.

On top of that, we seize opportunities outside Berlin the way we just did in Lower Saxony’s state capital of Hanover,” said 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

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

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