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Accentro Real Estate AG
M&A Activity • Sep 20, 2019
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Ad-hoc | 20 September 2019 14:22
Accentro Real Estate AG: ACCENTRO Acquires Real Estate Portfolio in Upper Bavaria
Accentro Real Estate AG / Key word(s): Real Estate
Accentro Real Estate AG: ACCENTRO Acquires Real Estate Portfolio in Upper Bavaria
20-Sep-2019 / 14:22 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Ad-hoc Communiqué
ACCENTRO Acquires Real Estate Portfolio in Upper Bavaria
Berlin, 20 September 2019 – Today, ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3), based in Berlin, signed the sale and purchase agreement for the acquisition of a residential portfolio with new-build development potential in Upper Bavaria for a purchase price of more than 50 million euros. For the majority of properties, the transfer of benefits and burdens will take place before 31 December 2019, following the payment of the purchase price in full.
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, Rhine-Main 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).
Investor Relations Contact
Nicole Birth
ACCENTRO Real Estate AG
Uhlandstr. 165, D-10719 Berlin
E-mail: [email protected]
Tel. +49 (0)30 – 887 181 799
Fax +49 (0)30 – 887 181 11
20-Sep-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Accentro Real Estate AG |
| Uhlandstr. 165 | |
| 10719 Berlin | |
| Germany | |
| Phone: | +49 (0)30 – 887 181 – 0 |
| Fax: | +49 (0)30 – 887 181 – 11 |
| E-mail: | [email protected] |
| Internet: | www.accentro.ag |
| ISIN: | DE000A0KFKB3 |
| WKN: | A0KFKB |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 877363 |
| End of Announcement | DGAP News Service |