Berlin, March 23, 2021 – ACCENTRO Real Estate AG (ISIN DE000A0KFKB3), a residential real estate investor and Germany’s leading residential privatization company, has successfully completed the placement of another corporate bond. The unsecured bond, with a face value of 100 million euros, was fully subscribed by a major pension fund. It has a five-year term ending on March 23, 2026, and bears interest at an annual rate of 4.125%.
The net proceeds from the new bond will be used to support ACCENTRO’s continued growth, refinance acquisitions made last year, and for general corporate purposes.
“We are very pleased with the strong confidence this renowned investor has placed in our company and our prospects,” says Lars Schriewer, CEO of ACCENTRO.
Hans-Peter Kneip, CFO of ACCENTRO, adds: “The successful placement of the bond underscores the positive reputation our company has earned in the capital markets in recent years. We will use this additional financial flexibility to continue on our growth trajectory.”
HSBC acted as sole bookrunner for the transaction.
The corporate bond is admitted to trading on the Open Market segment of the Frankfurt Stock Exchange (ISIN DE000A3H3D51). Further key details regarding the bond can be found on the ACCENTRO website under the Investor Relations section.
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 cities and metropolitan areas in eastern Germany, 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 on behalf of 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
Karl-Philipp Jann
PB3C GmbH
Rankestrasse 17
10789 Berlin
Phone
+49 (0)30 - 72 62 76 1612
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