ESTAVIS AG (FRA:E7S) ESTAVIS AG: ESTAVIS Housing Privatisation Concludes H1 2013 with Record Result
Directive transparence : information réglementée
04/07/2013 07:30
DGAP-News: ESTAVIS AG / Key word(s): Real Estate/Disposal
ESTAVIS AG: ESTAVIS Housing Privatisation Concludes H1 2013 with
Record Result
04.07.2013 / 07:30
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- 461 apartments sold during the first six months
- According to preliminary figures, the result increased by more than 40%
year on year
- Result from proprietary property sales grew by 200 percent according to
preliminary figures
Berlin, 04 July 2013 - Accentro, the ESTAVIS AG subsidiary for housing
privatisations, just reported another record result as it presented its
mid-year figures for 2013. During the first six months of the ongoing year,
the Berlin-based company sold a total of 461 apartments, 79 percent thereof
in Berlin. 'Condominiums remain subject to an unchecked popularity among
private investors,' said Jacopo Mingazzini, Member of the Board of ESTAVIS
AG and Managing Director of Accentro GmbH. At the same time, demand from
abroad is as high as ever. In fact, 21 percent of the buyers during the
first semester of 2013 had their primary place of residence outside
Germany.
Disproportionate Growth in Proprietary Apartment Sales
The growth in sales of apartments held in the proprietary stock was
particularly conspicuous. 'Apartment retailing through Accentro represents
the second mainstay of ESTAVIS. Selling units from our own privatisation
stock will play an increasingly important role in the future,' elaborated
Torsten Cejka, another Member of the Board of ESTAVIS AG. Moreover, the
company acquired several new sales contracts with an aggregate sales volume
of more than 26 million euros during the six opening months of this year.
Further Expansion Planned
Mingazzini announced that the company will continue to pursue its growth
course during the remainder of 2013. 'This year, we will bolster the
own-account transactions above all,' he explained. 'Together with partners,
we acquired 126 apartments in Berlin's Mitte district during the first
semester, with the next acquisitions to follow soon.' To this end, Accentro
appointed Marco Mendler to the Management Board as at 01 July 2013.
Mendler, aged 40, previously handled the housing privatisation business of
alt+kelber across Germany for roughly ten years. 'Accentro is poised for
swift growth,' as Mingazzini promised.
About Accentro:
Accentro is a real estate service provider that specialises in the
retailing of large housing portfolios. The company's fortes include the
socially compatible, tenant-oriented sales of large apartment holdings, in
the exit-oriented asset management of housing portfolios, and in investment
consultancy on any issue relating to these segments. In addition to its
headquarters in Berlin, Accentro maintains a branch office in Stuttgart and
additional projects offices all over Germany. Accentro is a member company
of ESTAVIS AG.
About ESTAVIS:
ESTAVIS AG is a listed property company focusing on residential properties.
It is active in the two business lines of portfolio management and housing
privatisation, and continuously expands these by acquiring interesting
properties and portfolios. ESTAVIS AG is headquartered in Berlin, and is
listed on the Prime Standard of the Frankfurt Stock Exchange (German
Securities Code Number [WKN]: A0KFKB).
Contact:
ESTAVIS AG
Investor & Public Relations
Tel: + 49 30 887 181 799
E-mail: ir@estavis.de
Dr. ZitelmannPB. GmbH
Holger Friedrichs
Tel.: + 49 30 72 62 76 157
E-mail: friedrichs@zitelmann.com
End of Corporate News
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Language: English
Company: ESTAVIS AG
Uhlandstr. 165
10719 Berlin
Germany
Phone: +49 (0)30 - 887 181 - 0
Fax: +49 (0)30 - 887 181 - 11
E-mail: info@estavis.de
Internet: http://www.estavis.de
ISIN: DE000A0KFKB3
WKN: A0KFKB
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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