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ESTAVIS AG Renamed ACCENTRO REAL ESTATE AG as of Today

DGAP-News: Accentro Real Estate AG / Key word(s): Miscellaneous
ESTAVIS AG Renamed ACCENTRO REAL ESTATE AG as of Today

05.01.2015 / 13:41

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- Entire commercial real estate portfolio sold off

- Proceeds earmarked for further expansion of privatisation portfolio

- Excellent housing privatisation sales performance in 2014

Berlin, 05 January 2015 - ACCENTRO Real Estate AG is consistently
implementing the company's shift in focus to the privatisation sector. In
accordance with a resolution passed by its annual general meeting on 27
November 2014, the former ESTAVIS AG has just been renamed ACCENTRO Real
Estate AG. In a parallel development, the commercial real estate portfolio
was sold for approximately 16.4 million euros in late December. "Our
realignment is making excellent progress," said Jacopo Mingazzini, CEO of
ACCENTRO Real Estate AG. "The capital freed by the sale of our commercial
property portfolio will be mainly used for the consistent expansion of our
privatisation portfolio." Despite ongoing sales activities, ACCENTRO Real
Estate AG intends to steadily increase its proprietary stock of residential
property earmarked for privatisation.

Announcing Acquisitions in Berlin and its Greater Metro Area
"In 2015, we will step up our efforts to acquire suitable residential
portfolios and condominium packages, especially in Berlin, for our
continued expansion. But we are also aware of great opportunities in other
metro regions, such as Hamburg, Rhine-Main, Cologne-Bonn, and Munich,"
Mingazzini elaborated. The idea is also to acquire additional housing
privatisation mandates as third-party service provider. The company's
subsidiary ACCENTRO GmbH is the German market leader in this field. "2014
was a very good year, with 1.029 apartments from our current assets sold,"
said Mingazzini. "At the start of the year, with a massive reduction in the
business of our biggest service mandate on our hands, we were not sure it
could be done."

He went on to say that the objective now is to keep raising the sales
figures at a steady pace. The effort will include boosting the sales
network outside Germany. "As it is, we are selling condominiums to buyers
from more than 40 different countries," Mingazzini noted. "We also manage
to sell more than three out of four apartments in an occupied state to
private investors."

About ACCENTRO Real Estate AG
ACCENTRO Real Estate AG is a listed residential property company. Its core
business consists of socially responsible housing privatisations. Through
its subsidiary ACCENTRO GmbH, the company is Germany's market leader in
apartment retailing as a third-party service. ACCENTRO Real Estate AG is
also active in the proprietary trading of residential units it acquires
expressly for the purpose.

ACCENTRO Real Estate AG has its registered office in Berlin and is listed
on the Prime Standard of the Frankfurt Stock Exchange (German Securities
Code Number [WKN]: A0KFKB).

Contact:
ACCENTRO Real Estate AG - Investor & Public Relations - Tel: + 49 30 887
181 799 - E-Mail: [e-mail]



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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: [e-mail]
Internet: www.accentro.ag
ISIN: DE000A0KFKB3
WKN: A0KFKB
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart


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