Berlin, 25 June 2018 – ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3) in Berlin, a leader in residential property privatisation in Germany, has acquired an office building located at Kantstrasse 44/45 in Berlin-Charlottenburg. With a total area of around 3,300 sqm, ACCENTRO will use the building to house its new headquarters. In addition, the property is suitable for the construction of apartments with a total gross floor area of approximately 2,900 sqm.

Jacopo Mingazzini, CEO of ACCENTRO Real Estate AG, said, “The acquisition concludes an almost two-year search for the ideal location for our corporate headquarters. The vacancy rate for commercial real estate reached an all-time-low of less than two per cent inside the S-Bahn-ring. The commercial rents rise rapidly, resulting in monthly rents of more than 40 Euro per square meter in top locations. We avoid the rising rents with the acquisition of an own office. Furthermore, now we are able to profit from the expected positive value development. Additionaly, the real estate property allows the construction of additional appartments, which would strengthen our core business.”

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