PRESS RELEASE

ACCENTRO sells residential property to Berlin
City boundary for 43.5 million euros

- EBIT 2019 exceeds 40 million euros - more than forecast

- 260 units in Blankenfelde- Mahlow

Berlin, 18. Dezember 2019 - ACCENTRO Real Estate AG has sold a residential complex in Blankenfelde-Mahlow, Brandenburg to an institutional investor.

The houses were built in 1984 and extensively modernized in 2018-2019. In total, the property has a residential rental area of around 16,000 square meters, spread over 260 apartments. There are an additional 210 parking spaces on the site.

"The surrounding area of Berlin has been our focus for a few years now. The property sold is our largest transaction in environs up to now", explains Jacopo Mingazzini, Management Board of ACCENTRO Real Estate AG. " With the completion of this transaction, our EBIT targets will be exceeded and we expect to achieve the previous record value of more than 40 million euros."

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, Rhine-Main, Leipzig and the greater Munich area. 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).

Press and Public Relations Contact:
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