Regulatory Filings • Jun 4, 2015
Regulatory Filings
Open in ViewerOpens in native device viewer
News Details
Corporate | 4 June 2015 18:40
Accentro Real Estate AG acquires 419 Residential Units in Downtown Berlin
(DGAP-Media / 2015-06-04 / 18:40)
PRESS RELEASE
ACCENTRO Real Estate AG Acquires 419 Residential Units in Downtown Berlin
– Total residential area of 22,186 square metres
– Annual net rent of 1.5 million euros
– Expansion in housing privatisation continued
Berlin, 04 June 2015 – ACCENTRO Real Estate AG just acquired 419 centrally located residential units in Berlin. The apartments have a total residential area of 22,186 square metres and a combined annual net rent of 1.5 million euros. ‘With the acquisition, we continue to pursue our growth strategy in the field of housing privatisations. The new apartments are situated in central locations, and particularly well suited for private investors and owner-occupiers,’ explained Jacopo Mingazzini, CEO of ACCENTRO Real Estate AG.
Ongoing Expansion
As recently as May 2015, ACCENTRO acquired 364 flats in Berlin for its privatisation arm. ‘Homeownership is an important capital-building instrument and retirement scheme in a persistently low interest rate environment. Both for tenants and for buy-to-let investors, the time is right for entering the condominium market,’ said Mingazzini. He went on to say that Berlin remains one of the most attractive investment destinations anywhere in Germany. ‘The parameters are extremely auspicious in the German capital. In addition to the very favourable demographics, the city’s macro-economy presents a bright picture. There is steady job growth. In addition, Berlin keeps attracting new companies,’ commented Mingazzini.
About ACCENTRO Real Estate AG
ACCENTRO Real Estate AG is a listed residential property company. Its core business consists of tenant-sensitive housing privatisations. The company’s subsidiary ACCENTRO GmbH is the market leader for housing privatisation services in Germany.
ACCENTRO Real Estate AG has its registered office in Berlin and is listed on the Prime Standard of the Frankfurt Stock Exchange.
Media and Public Relations Contact:
Andy Dietrich
Media and Communication Consulting
Dr. ZitelmannPB. GmbH
Rankestrasse 17
D-10789 Berlin
E-mail: [email protected]
Tel.: +49 30 – 72 62 76 153
Fax: +49 30 – 83 62 76 1793
End of Media Release
Issuer: Accentro Real Estate AG
Key word(s): Real estate
2015-06-04 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.
Media archive at www.dgap-medientreff.de and 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 |
| End of News | DGAP-Media |
| - - - |
| 365553 2015-06-04 |
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.