Berlin, November 22, 2016 — ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3), Berlin, is expanding into new business areas. Germany’s leading residential privatization company has signed an agreement with a medium-sized project developer for the exclusive marketing of a new construction project in Berlin-Neukölln. Construction has already begun on the project, which comprises 72 residential units and two commercial units. Completion is scheduled for March 2018. “By signing this agreement, we are following through on our announcement to position ourselves more strongly in the new construction sector going forward. Given the sharp increase in new construction activity, this business segment offers us attractive opportunities. As the market leader in the privatization of residential portfolios, we possess crucial expertise in the marketing of residential real estate. Medium-sized project developers, in particular, often lack the know-how and experience in this area,” said Jacopo Mingazzini, CEO of ACCENTRO Real Estate AG.
Customized Service Packages from Marketing to Financing
As a partner to project developers, ACCENTRO offers a range of services that goes far beyond standard marketing services. The offering includes services such as equity financing, purchase guarantees, and the fulfillment of pre-sale conditions. “We tailor our service offerings to the specific needs of the company and the project requirements. This allows the project developer to focus entirely on their core competencies, while we support them in successfully executing the project,” adds Mingazzini.
Pilot Project in Berlin-Neukölln with 74 Rental Units
The pilot project in Berlin-Neukölln has gotten off to a successful start. As a project partner of a mid-sized project developer, ACCENTRO is handling the entire marketing of the residential complex, which comprises 74 units and has a usable floor area of approximately 2,400 square meters. Mingazzini: “In addition to marketing services, we offer a sales guarantee. This allows us to reduce liquidity risks for our partner and provide them with a stable basis for planning. We see a particularly high demand for this in the small and medium-sized business sector.”
About ACCENTRO Real Estate AG
ACCENTRO Real Estate AG is a residential real estate investor and the market leader in residential privatization in Germany. As of December 31, 2020, its real estate portfolio comprised approximately 5,200 units. In addition to Berlin, its regional focus includes major East German cities and metropolitan areas, as well as the Rhine-Ruhr metropolitan region and Bavaria. ACCENTRO’s business activities encompass four core areas. These include the sale of apartments to owner-occupiers and private investors at market-rate rents, the sale of real estate portfolios to institutional investors, the development and management of its own real estate portfolio, and the marketing of apartments for property owners, investors, and project developers. The shares of ACCENTRO Real Estate AG are listed on the Prime Standard of the Frankfurt Stock Exchange (WKN: A0KFKB, ISIN: DE000A0KFKB3). investors.accentro.de
Contact for Press and Public Relations
Jan Hutterer
Kirchhoff Consult AG
Borselstraße 20
22765 Hamburg
Email: accentro@kirchhoff.de
+49 (0)40 – 609 186 65
Investor Relations Contact:
Thomas Eisenlohr
ACCENTRO Real Estate AG
Kantstraße 44/45
10625 Berlin
Email: eisenlohr@accentro.de
Phone: +49 (0)30 88 71 81 272