Report
Joan Sehim

Accentro Real Estate AG : Remodeling business amid regulatory changes

Accentro reported reassuring H1 2021 results last August, marked by the recovery in transactions after a series of lockdowns in 2020, positive evolutions of the asset portfolio and the confirmation of the full-year guidance. The resumption of notarized transactions and the company’s material pipeline of € 522m of assets to be sold in the short to medium term augur well for future revenues. Unfortunately, the recent ban on the conversion of rental apartments into condominiums in s...
Underlying
Accentro Real Estate AG

Accentro Real Estate AG. ESTAVIS AG is a Germany-based holding company active in the real estate sector. The Company business operations comprise domestic properties, focusing mainly on commercially attractive locations in Germany. Its activities include acquisition, modernization and sale of residential properties. The Company business model is particularly based on residential property. ESTAVIS AG's operations are divided into two segments: Trade, which comprises buying and selling of residential properties and individual apartments, especially retailing of apartments to owner occupiers and investor within the framework or retail privatizations of housing portfolios; and Portfolio, in which the Company takes advantage of its acquisition network to identify housing portfolios with high value-added potential, and exploits its management know-how to raise potential and to ensure cash-flows from the management of the acquired portfolios. As of December 31, 2011, the Company operated 42 subsidiaries.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Joan Sehim

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