Berlin, November 18, 2021 – ACCENTRO Real Estate AG (“ACCENTRO”), a residential real estate investor and Germany’s leading residential privatization company, today successfully completed a transaction involving a total of approximately 730 units. The transaction includes the purchase and sale of several residential portfolios. Among other things, ACCENTRO is acquiring approximately 470 units in eastern Germany for its own rental portfolio. The integrated transaction with a private investor has a volume of approximately 100 million euros. The parties have agreed not to disclose the purchase prices of the various portfolios. The transfer of ownership of the real estate portfolios is scheduled to take place before the end of this year.
At the same time, the Group confirms its forecast for the current fiscal year 2021: According to this forecast, revenue is expected to rise by up to approximately 60% to between 170 and 200 million euros (previous year: 125.2 million euros), and EBIT by up to approximately 44% to between 45 and 50 million euros (previous year: 34.8 million euros).
With this acquisition, ACCENTRO is once again significantly expanding its real estate portfolio in eastern Germany. The acquired portfolio is located in the state of Saxony and offers good transportation links to the cities of Zwickau, Plauen, and Hof. The units comprise a leasable area of approximately 27,000 square meters and offer considerable potential for value appreciation, which is expected to be realized in the coming years.
Over the past 12 months, ACCENTRO has massively expanded its own Germany-wide rental portfolio to approximately 3,600 units. The focus was on selected locations in eastern Germany and North Rhine-Westphalia. 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 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). www.accentro.ag
Contact for Press and Public Relations
Christian Dose
WMP EuroCom AG
Barckhaustrasse 1
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Phone
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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