Berlin, 8 August 2019 – The Berlin-based property company ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3) laid the ground for a prosperous financial year during the first six months of 2019. By mid-year of the 2019 financial year, the consolidated revenues added up to EUR 34.5 million while the total assets increased by EUR 24.9 million since the balance sheet date of 31 December 2018 to reach a sum total of EUR 499.1 million. The privatisation portfolio increased by 12.6% to EUR 388.6 million. The consolidated income equalled c. EUR 3 million.
In the course of the 2019 financial year to date, a combined total of EUR 72 million has already been spent on 350 flats in 13 different properties. At the same time, new service mandates were contracted. Given the disposals it already transacted or plans to transact yet, ACCENTRO reaffirmed its forecast for the ongoing financial year.
The half-year financial report for the 2019 financial year is available here.
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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