Berlin, December 18, 2019 – ACCENTRO Real EstateAG has sold a residential complex in Blankenfelde-Mahlow, Brandenburg, to an institutional investor.
The buildings were constructed in 1984 and extensively modernized in 2018–2019. In total, the property has a residential rental area of approximately 16,000 square meters, spread across 260 apartments. There are also 210 parking spaces on the site.
“We have been increasingly focusing on the areas surrounding Berlin for a few years now. The property we sold is our largest transaction to date in the affluent suburbs,” explains Jacopo Mingazzini, CEO of ACCENTRO Real Estate AG. “With the completion of this transaction, we will exceed our EBIT targets and are expected to reach a new record of more than 40 million euros.”
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
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