ACCENTRO Real Estate AG Sells Real Estate Portfolio

ACCENTRO Real Estate AG Sells Real Estate Portfolio

Berlin, 13 August 2020 - ACCENTRO Real Estate AG, Germany's leading housing privatisation company, just sold a real estate portfolio in Rostock to a family office. The portfolio, which ACCENTRO had acquired as recently as late 2018, includes 43 units with a combined surface area of 3,825 square metres.

It was agreed not to disclose the transaction selling price.

Lars Schriewer, CEO of ACCENTRO Real Estate AG, commented: "We would like to take the opportunity to thank the buyer for the trust-based collaboration. The successfully concluded transaction also highlights the grown interest that family offices and institutional investors have been taking in residential real estate as a sustainable investment asset class."

About ACCENTRO Real Estate AG

ACCENTRO Real Estate AG is Germany's market leader in housing privatisations. In addition to its home market of Berlin, the company focuses on auspicious metro regions such as Hamburg, Rhine-Ruhr and Leipzig. In its Privatisation business unit, ACCENTRO retails condominiums from its proprietary portfolio to owner-occupiers and buy-to-let investors or-bundled into portfolios-to institutional investors. In its Services & Ventures business unit, ACCENTRO sells apartments on behalf of investors and property developers-including through equity investments in its own right within the framework of joint ventures. ACCENTRO Real Estate AG is listed on the Prime Standard segment of the Frankfurt Stock Exchange (German securities code number WKN: A0KFKB, ISIN: DE000A0KFKB3). www.accentro.ag

 

Investor Relations Contact:

Thomas Eisenlohr
ACCENTRO Real Estate AG
Kantstrasse 44/45
D-10625 Berlin
E-mail: eisenlohr@accentro.de
Tel. +49 (0)30 - 88 71 81 272

Press and Public Relations Contact:

Karl-Philipp Jann
PB3C GmbH
Rankestrasse 17
D-10789 Berlin
E-mail: jann@pb3c.com
Tel. +49 (0)30 - 72 62 76 1612