- ACCENTRO signs minority interest in residential portfolio - 567 units with a usable area of approx. 44,000 square metres - Exclusive sales partnership for entire portfolio
Berlin, 15 June 2018 – ACCENTRO Real Estate AG, (WKN: A0KFKB, ISIN: DE000A0KFKB3), Berlin, leading in residential privatisation in Germany, invests in a residential portfolio with 567 units through a joint venture. The 26 buildings with a total area of approximately 44,000 square metres are located in central Berlin. ACCENTRO acts as the exclusive sales partner for the entire portfolio.
Jacopo Mingazzini, CEO of ACCENTRO Real Estate AG, said, “I am delighted that we have successfully closed the second investment in a large real estate portfolio. Besides the acquisition of residential units for our privatisation portfolio, we increasingly aim for sales partnerships with investors with a strong capital base. With this approach we receive access to a vast pipeline of residential properties for our privatization business. At the same time, we are able to strengthen our results from services.”
With the closing of this acquisition ACCENTRO has a privatisation portfolio of approximately 3,700 apartments. Thereof, approximately 3,000 units are held in the inventory property portfolio.
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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