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Accentro Real Estate AG
M&A Activity • Nov 12, 2020
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M&A Activity
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Ad-hoc | 12 November 2020 19:42
ACCENTRO Real Estate AG Acquires 2,800 Property Units
Accentro Real Estate AG / Key word(s): Acquisition/Real Estate
ACCENTRO Real Estate AG Acquires 2,800 Property Units
12-Nov-2020 / 19:42 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.
ACCENTRO Real Estate AG Acquires 2,800 Property Units
Berlin, 12 November 2020 – ACCENTRO Real Estate AG (German securities code number WKN: A0KFKB, ISIN DE000A0KFKB3) bought a total of 2,800 property units with a lettable area of around 180,000 square metres. As a result, ACCENTRO now owns about 5,200 units, meaning that its inventory has more than doubled in number. The real estate portfolio acquired divided into 2,789 residential and 11 commercial units, which are among others located in Berlin, Leipzig, Halle and Gera. The acquisition strengthens the company’s position in attractive locations. Going forward, ACCENTRO will continue to pursue further growth, and it has the financial flexibility to do so.
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 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). www.accentro.ag
Investor Relations Contact:
Thomas Eisenlohr
ACCENTRO Real Estate AG
Kantstrasse 44/45
D-10625 Berlin
E-mail: [email protected]
Tel. +49 (0)30 – 88 71 81 272
Press and Public Relations Contact:
Karl-Philipp Jann
PB3C GmbH
Rankestrasse 17
D-10789 Berlin
E-mail: [email protected]
Tel. +49 (0)30 – 72 62 76 1612
12-Nov-2020 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 |
| Kantstr. 44/45 | |
| 10625 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: | 1147884 |
| End of Announcement | DGAP News Service |