ACCENTRO: Transaction of around 100 Million Euros Successfully Signed

Berlin, 18 November 2021 - ACCENTRO Real Estate AG ("ACCENTRO"), an investor in residential real estate and Germany's leading housing privatisation company, today successfully signed a transaction for a total of around 730 units. The transaction includes the purchase and sale of several residential real estate portfolios. ACCENTRO acquires, among others, around 470 units in eastern Germany for its own rental portfolio. The integrated transaction with a private investor has an overall volume of around 100 million euros. It was agreed not to disclose the purchase prices of the various portfolios. The transfer of benefits and burdens is supposed to take place before end of this year.

At the same time, the Group confirms its forecast for the current 2021 financial year: Accordingly, revenues are expected to increase by up to around 60% to somewhere between 170 and 200 million euros (prev. year: 125.2 million euros) and the EBIT by up to around 44% to somewhere between 45 and 50 million euros (prev. year: 34.8 million euros).

Through the purchase, ACCENTRO significantly increases its real estate portfolio in eastern Germany once again. The acquired portfolio is in the Federal State of Saxony, and benefits from convenient transport links to the cities of Zwickau, Plauen and Hof. The units have a combined lettable area of around 27,000 square metres and offer considerable value-add potential which is to be exploited in the years ahead.

ACCENTRO has spent the past 12 months massively expanding its Germany-wide rental portfolio, which now totals around 3,600 units. The focus has been on selected cities in eastern Germany and North Rhine-Westphalia.

Notifying person: Thomas Eisenlohr, Head of Investor Relations