04.06.2015
Accentro Real Estate AG DE000A0KFKB3
Accentro Real Estate AG acquires 419 Residential Units in Downtown Berlin
(DGAP-Media / 04.06.2015 / 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
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Issuer: Accentro Real Estate AG
Key word(s): Real estate
04.06.2015 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.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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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
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