Accentro Real Estate AG

Earnings Release • Jan 10, 2013

News Details

Corporate | 10 January 2013 09:36

ESTAVIS AG: ESTAVIS Subsidiary Accentro Reports Banner Year

ESTAVIS AG / Key word(s): Development of Sales/Real Estate

10.01.2013 / 09:36

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• Total of 1,137 apartments retailed in the 2012 financial year
• Property sales: 85.3m euros (2011: 66.5m euros)
• Sales share of occupied apartments climbs to 71 percent (2011: 64%)

Berlin, 10 January 2013 - Accentro, an ESTAVIS AG subsidiary specialising
in residential privatisation, topped the highest-ever result of banner year
2011 by another 23% after selling 1,137 apartments in 2012. Property sales
amounted to a total of 85.3 million euros (up from 66.5 million euros in
2011). '2012 was the most successful year to date in the annals or our
company,' said Jacopo Mingazzini, Managing Director of Accentro GmbH.

The share of foreign buyers remained high in 2012, continuing the previous
year's trend. Altogether 30% of the apartments sold in Berlin were acquired
by clients from 40 different countries. This is up from 30 different
countries in 2011. The only group with a yet higher share was the local
clientele (accounting for 53% of the apartments sold). 71% of the sold
apartments were occupied and were acquired as investments (2011: 64%).
'Domestic and foreign buyers increasingly consider condominiums as an
investment suitable to protect their wealth against inflation and capital
market upheavals,' said Mingazzini.

Looking forward, Mingazzini expects to see a robust result in 2013, too.
'Berlin's residential market is in excellent shape. The city's stable
economic and demographic parameters promise continued robust market growth
and first-rate opportunities for condominium buyers to enter the market,'
the Managing Director added.

About Accentro:
Accentro is a real estate service provider that specialises in the
retailing of large housing portfolios. The company's fortes include the
socially compatible, tenant-oriented sales of large apartment holdings, in
the exit-oriented asset management of housing portfolios, and in investment
consultancy on any issue relating to these segments.
In addition to its headquarters in Berlin, Accentro maintains a branch
office in Stuttgart and additional projects offices all over Germany.
Accentro is a member company of residential real estate specialist ESTAVIS
AG.

About ESTAVIS:
ESTAVIS AG is a listed property company focusing on residential properties.
Using its purchasing network across Germany, ESTAVIS AG identifies property
portfolios with great value-add potential, and exploits its management
expertise to harness this potential in efficient ways. In addition to
regular cash flow from the property portfolios acquired, the performance of
ESTAVIS AG is driven by income from active apartment retailing. 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

End of Corporate News

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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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