Accentro Real Estate AG

M&A Activity • Jun 3, 2014

News Details

Corporate | 3 June 2014 11:34

ESTAVIS AG: ESTAVIS AG Expands its Residential Portfolio in Berlin

DGAP-News: ESTAVIS AG / Key word(s): Real Estate

03.06.2014 / 11:34

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• Minority interest in portfolio of 335 residential units acquired
• Accentro to privatise parts of the portfolio

Berlin, 03 June 2014 - As part of the ongoing expansion of its housing
stock, ESTAVIS AG just acquired a minority interest in a residential
portfolio including 335 apartment units in Berlin. The majority of the
apartments are located in the districts of Charlottenburg, Mitte and
Kreuzberg.

Some of portfolio units are to be sold as condominiums to private investors
and owner-occupiers. Accentro, a subsidiary of ESTAVIS AG, will handle the
privatisation of these apartments. "Condominiums remain vastly popular
among private investors," said Jacopo Mingazzini, Member of the Board of
ESTAVIS AG and Managing Director of Accentro GmbH. "Demand is particularly
high in the German capital, and so we have every reason to expect the
apartments to sell swiftly."

About Estavis:
Estavis AG is a listed property company focusing on residential properties.
The company buys up selected housing portfolios for the purpose of managing
them long-term. Accentro, a subsidiary of Estavis and the company's second
mainstay, is Germany's market leader in housing privatisations as a
service. Estavis AG is headquartered in Berlin and is listed on the Prime
Standard of the Frankfurt Stock Exchange (German Securities Code Number
[WKN]: A0KFKB).

Contact:
ESTAVIS AG
Investor & Public Relations
Tel.: + 49 30 887 181 799
E-mail: ir@estavis.de

Dr. ZitelmannPB. GmbH
Holger Friedrichs
Tel.: + 49 30 72 62 76 157
E-mail: friedrichs@zitelmann.com

End of Corporate News

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03.06.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.

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Language: English
Company: ESTAVIS AG
Uhlandstr. 165
10719 Berlin
Germany
Phone: +49 (0)30 - 887 181 - 0
Fax: +49 (0)30 - 887 181 - 11
E-mail: info@estavis.de
Internet: http://www.estavis.de
ISIN: DE000A0KFKB3
WKN: A0KFKB
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart

End of News DGAP News-Service

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