Berlin, 13 November 2020 – ACCENTRO Real Estate AG, Germany’s leading housing privatisation company, continues its dynamic expansion. The company acquired 2,800 units. The portfolio comprises 2,789 residential and 11 commercial units. This brings ACCENTRO’s total inventory up to around 5,200 units. At the stroke of a pen, its inventory more than doubled. “We have significantly speeded up our growth with this acquisition,” explained Lars Schriewer, CEO of ACCENTRO Real Estate AG. It was agreed not to disclose the selling price.
The attractiveness of the flats for tenants is to be further enhanced through modernisation measures. To this end, ACCENTRO will rely on the experience and network in asset and property management that was built up over many years. “Value-added improvements in combination with our successful sales to private and institutional investors will sustainably boost the profitability of our business model,” said Schriewer.
“We will keep expanding our real estate portfolio,” as Schriewer explained: “We do have the financial flexibility that we need for moving ahead. At the same time, we can rely on the long term, structural growth of Germany’s residential property market as a safe foundation of our success,” said Schriewer.
“The acquired portfolio will help us strengthen our position in attractive locations,” said Schriewer. The flats are spread across several cities, including among others Berlin, Leipzig, Halle and Gera, and benefit without exception from a sound inner-city infrastructure and convenient access to municipal and regional public transportation. The portfolio has a lettable area of around 180,000 square metres.
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
ACCENTRO Real Estate AG
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