09.03.2018
Accentro Real Estate AG DE000A0KFKB3
Accentro Real Estate AG: ACCENTRO acquires stake in Hamburg portfolio and continues nationwide expansion
DGAP-Media / 09.03.2018 / 08:00
Corporate news
ACCENTRO acquires stake in Hamburg portfolio and continues nationwide
expansion
- Minority interest in residential portfolio with 321 units in prime
locations in Hamburg
- Privatisation of 193 units planned via ACCENTRO's distribution platform
Berlin, 9 March 2018 - ACCENTRO Real Estate AG, (WKN: A0KFKB, ISIN:
DE000A0KFKB3), Berlin, a leader in residential privatisation in Germany, has
entered into a joint venture to acquire a 321 unit residential portfolio in
prime Hamburg locations. In course of the joint venture ACCENTRO will
privatise 193 units of the portfolio. In this way, ACCENTRO significantly
strengthens its position in one of the most attractive German residential
property markets.
Expansion of presence in an attractive real estate market
ACCENTRO's participation in the joint venture secures access to promising
privatisation properties. The joint venture partners are renowned,
internationally active real estate investors. "We are participating in a
highly attractive portfolio and consistently continuing our nationwide
expansion with this joint venture. With this promising cooperation we do not
only benefit from the investment income but also from the sales orders,"
explains Jacopo Mingazzini, member of the Executive Board of ACCENTRO. "I am
pleased that we are now also able to significantly expand our commitment in
Hamburg, as this real estate market offers excellent opportunities,"
Mingazzini concludes.
Privatisation inventory in top locations in Hamburg
The portfolio with a total area of almost 30,000 square metres is divided
into twelve residential buildings in the Hamburg districts of Eppendorf,
Harvestehude, Winterhude, Neustadt and Uhlenhorst. The portfolio offers
potential for revised usage and roof constructions which will be realized in
course of the privatization process.
ACCENTRO already has a consulting office in Hamburg. As part of the joint
venture investment, the sales team is to be further strengthened and the
company's presence in the Hanseatic city is to be expanded. In addition to
its head office in its home market of Berlin, the residential privatiser has
a network of consulting offices in Hamburg, Hanover, Leipzig and Cologne.
With a privatisation portfolio of around 3,000 residential units, the
company is the market leader in residential privatisation in Germany.
About ACCENTRO Real Estate AG
ACCENTRO Real Estate AG, listed on the stock exchange, is the market leader
in residential privatisation in Germany. ACCENTRO generates additional
revenues through portfolio sales and marketing apartments for institutional
investors and project developers. In addition to its home market of Berlin,
the company concentrates on metropolitan regions such as Hamburg, Cologne,
Dusseldorf, Rhine-Main region, Leipzig, Hanover or Bonn. ACCENTRO Real
Estate AG is listed in the Prime Standard of the Frankfurt Stock Exchange
(WKN: A0KFKB, ISIN: DE000A0KFKB3).
Press contact
Jan Hutterer
Kirchhoff Consult AG
Borselstraße 20
22765 Hamburg
Germany
Email: [email protected]
Tel. +49 (0)40 - 609 186 65
Fax +49 (0)40 - 609 186 60
End of Media Release
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Issuer: Accentro Real Estate AG
Key word(s): Real estate
09.03.2018 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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Archive at 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, Tradegate Exchange
End of News DGAP Media
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