Berlin, 22 December 2020 – ACCENTRO Real Estate AG, a residential real estate investor and Germany’s leading housing privatisation company, sold a real estate portfolio in Leipzig to an institutional investor. The portfolio comprises 56 units and has a combined lettable area of around 3,300 square metres. It was agreed not to disclose the selling price.
“In addition to the successful brokerage of condominiums, which is driven by keen demand among owner-occupiers and buy-to-let investors, we are also aware of great and persistent interest in residential real estate across Germany among institutional investors. By selling entire portfolios, ACCENTRO is in a position to meet also this sort of demand,” commented Lars Schriewer, CEO of 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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