DGAP-News: Accentro Real Estate AG: ACCENTRO ACQUIRES 190 RESIDENTIAL UNITS IN POTSDAM AND NEAR LEIPZIG

Berlin, 24 March 2020 - ACCENTRO Real Estate AG has acquired 190 residential units in Potsdam and in the Leipzig region. The purchase price amounts to a total of 9.1 million euros. With the acquisition of the properties ACCENTRO now has a portfolio of approx. 2,430 residential units. The overwhelming majority of the newly-acquired apartments are to be sold to owner-occupiers and buy-to-let investors in the medium to long term.

"With the purchase close to Berlin and in the Leipzig region we are continuing our policy of regional diversification," says Lars Schriewer, the Chief Executive Officer of ACCENTRO Real Estate AG, adding: "In the future we will see further expansion throughout Germany."

About ACCENTRO Real Estate AG
ACCENTRO Real Estate AG is Germany's market leader in housing privatisations. In addition to its home market of Berlin, the company focuses on auspicious metro regions such as Hamburg, Rhine-Ruhr, Rhine-Main and Leipzig. In its Privatisation business unit, ACCENTRO retails condominiums from its proprietary portfolio to owner-occupiers and buy-to-let investors or-bundled into portfolios-to institutional investors. In its Services & Ventures business unit, ACCENTRO sells apartments on behalf of investors and property developers-including through equity investments in its own right within the framework of joint ventures. ACCENTRO Real Estate AG is listed on the Prime Standard segment of the Frankfurt Stock Exchange (German securities code number WKN: A0KFKB, ISIN: DE000A0KFKB3).

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