Accentro Real Estate AG
Accentro Real Estate AG: Acquisition of 364 Apartments in Berlin
Accentro Real Estate AG / Key word(s): Real Estate/Contract PRESS RELEASE ACCENTRO Real Estate AG acquires 364 apartments in Berlin – Total investment volume around EUR 27.4 million – Properties located in Neukölln, Spandau, Friedenau, Zehlendorf, Reinickendorf and Alt-Tegel – Continuation of expansion strategy announced Berlin, 7 May 2015 – ACCENTRO Real Estate AG (ISIN/German Securities Identification Number – WKN: DE000A0KFKB3), Berlin, has laid the foundation for further growth in its core business. Last week, ACCENTRO notarised the acquisition of 364 residential units with total residential space of approximately 21,680 square metres. The units are intended for socially responsible residential privatisation. The properties are located in the Berlin districts of Neukölln, Spandau, Friedenau, Zehlendorf, Reinickendorf and Alt-Tegel.. The total investment volume amounts to approximately EUR 27.4 million. “All of the apartments are based in highly sought-after locations in Berlin. They represent reasonably priced housing, which is also affordable for existing tenants as owner-occupied properties. The offering is therefore aimed at both owner-occupiers and private investors,” explains Jacopo Mingazzini, CEO of ACCENTRO Real Estate AG. “Owner-occupied property is the best form of provision for old age, particularly in the current climate of low interest rates.” Further acquisitions planned About ACCENTRO Real Estate AG ACCENTRO Real Estate AG has its registered office in Berlin and is listed in the Prime Standard of the Frankfurt Stock Exchange (German Securities Identification Number – WKN: A0KFKB). Press and PR contact: 2015-05-11 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Accentro Real Estate AG | |
Uhlandstr. 165 | ||
10719 Berlin | ||
Germany | ||
Phone: | +49 (0)30 – 887 181 – 0 | |
Fax: | +49 (0)30 – 887 181 – 11 | |
E-mail: | info@accentro.ag | |
Internet: | www.accentro.ag | |
ISIN: | DE000A0KFKB3 | |
WKN: | A0KFKB | |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart | |
End of News | DGAP News-Service |
355295 2015-05-11 |