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Accentro Real Estate AG
Capital/Financing Update • Jan 24, 2018
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Capital/Financing Update
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Media | 24 January 2018 08:00
Accentro Real Estate AG: ACCENTRO places EUR 100 million corporate bond issue within a few hours
DGAP-Media / 24.01.2018 / 08:00
PRESSE RELEASE
ACCENTRO places EUR 100 million corporate bond issue within a few hours
– Secured financing for further real estate purchases
– Further purchases throughout Germany in the pipeline
Berlin, 24 January 2018 – ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3), Berlin, the only listed housing privatisation company in Germany, successfully placed a corporate bond of 100 million euros. “The size of our current pipeline has prompted us to consider alternative financing models. We are currently examining the purchase of more than 1,200 residential units, around 750 of them in Berlin. The bond selected allows us to implement these purchase plans quickly,” says Jacopo Mingazzini, CEO of ACCENTRO Real Estate AG. “We can now further increase the pace of expansion,” adds Mingazzini.
The new corporate bond has a term of three years and was offered for private placement exclusively to qualified investors. The interest rate is 3.75% p. a..
About ACCENTRO Real Estate AG
ACCENTRO Real Estate AG is a listed housing company. The company’s core business is the privatisation of residential property. The subsidiary ACCENTRO GmbH is the market leader in residential privatisation services in Germany.
ACCENTRO Real Estate AG has its office in Berlin and is listed in the Prime Standard of the Frankfurt Stock Exchange (WKN: A0KFKB).
Contact:
Karl-Philipp Jann
PB3C GmbH
Rankestraße 17, 10789 Berlin
E-Mail: [email protected]
Tel. 030 – 72 62 76 1612
End of Media Release
Issuer: Accentro Real Estate AG
Key word(s): Real estate
24.01.2018 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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 |
| End of News | DGAP Media |