Berlin, January 24, 2024 – ACCENTRO Real Estate AG (“ACCENTRO,” “the Company”), a residential real estate investor and Germany’s leading residential privatization company, has successfully completed the amendments to the terms of the 2020/2026 bond (ISIN DE000A254YS5). The amended bond terms have taken effect.
At the end of November 2023, bondholders approved the Company’s proposed resolution regarding a new framework for mandatory special redemptions and interest payments by a clear majority. This includes the deferral of mandatory special redemptions and the deferral of the interest payment scheduled for February 2024.
Jörg Neuß, CEO of ACCENTRO, expressed his satisfaction: “I am pleased that, against the backdrop of the current difficult market environment, our investors have approved our proposal and continue to support the development of our company. This demonstrates their fundamental confidence in ACCENTRO’s potential and the long-term opportunities offered by the German residential real estate market.”
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 September 30, 2023, its real estate portfolio comprised 5,731 units with a total area of approximately 334,000 square meters. The book value of the entire portfolio amounted to approximately 590 million EUR. In addition to Berlin, its regional focus includes major cities and metropolitan areas in central Germany as well as the Rhine-Ruhr metropolitan region. ACCENTRO’s business activities encompass three core areas: the sale of apartments to private owner-occupiers and investors at prices close to market rent; the sale of real estate portfolios to institutional investors; the management of its own real estate portfolio; and services for third parties. The shares of ACCENTRO Real Estate AG are listed on the Prime Standard segment of the Frankfurt Stock Exchange (WKN: A0KFKB, ISIN: DE000A0KFKB3). www.accentro.de
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