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PRESS RELEASE: ACCENTRO Acquires Property Manager of 18,500 Flats

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DGAP-News: Accentro Real Estate AG / Key word(s): Mergers &
Acquisitions/Real Estate
ACCENTRO Acquires Property Manager of 18,500 Flats

2020-12-29 / 16:00
The issuer is solely responsible for the content of this announcement.

*PRESS RELEASE*

*ACCENTRO Acquires Property Manager of 18,500 Flats*

*Berlin, 29 December 2020* - ACCENTRO Real Estate AG is acquiring DIM
Holding AG ("Deutsche Immobilien Management"). The purchase agreement was
signed today. DIM is one of the leading real estate managers in Germany with
about 130 employees at seven locations, managing residential and commercial
real estate portfolios in Germany. The company currently has approx. 2.8
billion euros in assets under management with a total area of approx. 1.4
million square metres and manages some 18,500 residential units.

Alongside its current core business of privatisation, ACCENTRO has thus
reached a further milestone, advancing its development into a residential
investor and portfolio holder. Having only recently more than doubled its
stock of residential properties to 5,200 residential units through the
purchase of some 2,800 residential units, ACCENTRO is now planning the
further expansion of its activities not only in Berlin and eastern Germany,
but also in North Rhine-Westphalia, in the Rhine-Main region and in Bavaria,
where ACCENTRO already owns properties.

"We intend to gradually increase the number of properties owned by ACCENTRO
and thus become a long-term lessor irrespective of our privatisation
portfolio. With this in mind, it makes sense to have a property manager on
hand who acts as on-site caretaker and trouble-shooter with knowledge of the
local market, close contact to tenants and in-depth technical knowledge of
the managed real estate," explains Lars Schriewer, the CEO of ACCENTRO Real
Estate AG. "In DIM, we have found an established company with enormous
competence, which forms the basis for the retention and appreciation of the
value of the properties in our portfolio," adds Schriewer.

*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 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). www.accentro.ag [1]

*Investor relations contact:*

Thomas Eisenlohr
ACCENTRO Real Estate AG
Kantstraße 44/45
10625 Berlin
E-mail: eisenlohr@accentro.de
Tel. +49 (0)30 - 88 71 81 272

*Press and public relations contact:*

Karl-Philipp Jann
PB3C GmbH
Rankestraße 17
10789 Berlin
E-mail: jann@pb3c.com
Tel. +49 (0)30 - 72 62 76 1612

2020-12-29 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.
Archive at www.dgap.de
Language: English
Company: Accentro Real Estate AG
Kantstr. 44/45
10625 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, Tradegate Exchange
EQS News ID: 1157700

End of News DGAP News Service

1157700 2020-12-29


1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=8df5100776a757a6ce2690e5516b7974&application_id=1157700&site_id=vwd&application_name=news


(END) Dow Jones Newswires

December 29, 2020 10:00 ET ( 15:00 GMT)
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