Berlin, 24 January 2024 - ACCENTRO Real Estate AG ("ACCENTRO", "Company"), an investor in residential real estate and Germany's leading housing privatisation company, has successfully completed the amendments to the terms and conditions of the 2020/2026 bond (ISIN DE000A254YS5). The amended terms and conditions have become effective.
At the end of November 2023, the bondholders approved the company's proposed resolution on a new concept for mandatory special redemptions and interest by a clear majority. This includes the postponement of mandatory special redemptions and the deferral of the interest payment scheduled for February 2024.
Jörg Neuß, CEO of ACCENTRO, expressed his satisfaction: "I am glad that our investors have agreed to our proposal against the backdrop of the current difficult market environment and continue to support the development of our company. It shows their fundamental trust in ACCENTRO's potential and the opportunities that the German residential property market offers in the long term."
About ACCENTRO Real Estate AG
ACCENTRO Real Estate AG is a residential investor and market leader in housing privatisation in Germany. As of 30 September 2023, the property portfolio comprised 5,731 units with an area of around 334,000 square metres. The book value of the entire portfolio totalled around EUR 590 million. In addition to Berlin, the regional focus includes major central German cities and conurbations as well as the Rhine-Ruhr metropolitan region. ACCENTRO's business activities comprise three core areas. These include the tenant-oriented sale of flats to private owner-occupiers and investors, the sale of property portfolios to institutional investors, the management of its own property portfolio and services for third parties. The shares of ACCENTRO Real Estate AG are listed in the Prime Standard segment of the Frankfurt Stock Exchange (WKN: A0KFKB, ISIN: DE000A0KFKB3). www.accentro.de
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Accentro Real Estate AG published this content on 24 January 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2024 15:31:06 UTC.