Press Release

ACCENTRO Expands into the Rhine-Ruhr Region

02.

November 2018

Berlin, 02 November 2018 – ACCENTRO Real Estate AG, Germany’s leading company for housing privatisations, continues to pursue its nationwide expansion. The company is in the process of setting up the subsidiary ACCENTRO Rhein-Ruhr GmbH and opening a branch office in Oberhausen. At the same time, ACCENTRO Real Estate AG identified a strategic partner on the ground, Ruhrwert Immobilien und Beteiligungs GmbH, who brings an outstanding network and regional expertise in North Rhine-Westphalia to the table. ACCENTRO Real Estate AG will hold an equity stake of 75% in ACCENTRO Rhein-Ruhr GmbH.

From Oberhausen, ACCENTRO will push forward with its pinpoint acquisitions of existing properties for its core business of condominium retailing. In the Rhine-Ruhr region, the cities of Düsseldorf, Cologne/Bonn, and Münster are particularly interesting for the purpose, as are selected locations in certain cities in the Ruhr, such as Bochum, Essen, Dortmund and Duisburg.

“To us, the Rhine-Ruhr metro region presents a highly fragmented yet very attractive market of considerable potential. Our investments in Bonn and Cologne so far have been rather successful. We aim to pick up on that,” elaborated Jacopo Mingazzini, CEO or ACCENTRO Real Estate AG.

Thorsten Laskowski, Geschäftsführer der Ruhrwert Immobilien und Beteiligungs GmbH, added: “We are pleased to have found a powerful partner in ACCENTRO. The combination of our regional expertise and the privatisation know-how of ACCENTRO creates the perfect foundation for an auspicious expansion in our metro region.”

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

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Karl-Philipp Jann

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10789 Berlin

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