Berlin, 16th of July 2018 – ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3) in Berlin, a leader in residential property privatisation in Germany, has added majority interests in two real estate portfolios to its privatisation holdings. The 295 units purchased are primarily attractive older properties located centrally in Berlin. The purchase price of the majority shares incl. loans taken over amounts to around EUR 40 million.

Jacopo Mingazzini, CEO of ACCENTRO Real Estate AG: “By acquiring these majority interests, we are continuing to add attractive properties in desirable locations in the capital city to our privatisation holdings. The acquired properties also boast significant potential for new construction and infill development.”

Central Berlin residential units added to privatization portfolio

The 295 flats, comprising 18,607 square metres of living space, are distributed over a total of 13 multi-family buildings located primarily in desirable neighbourhoods. Upon completion of the transactions, ACCENTRO acquired a total of 1,528 units in 2018.

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