M&A Activity • May 23, 2014
M&A Activity
Open in ViewerOpens in native device viewer
News Details
Ad-hoc | 23 May 2014 09:52
ADLER Real Estate AG: ADLER Real Estate acquires further majority interest in residential real estate portfolio
ADLER Real Estate AG / Key word(s): Miscellaneous
23.05.2014 09:52
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Notifice in Accordance with § 15 of the Securities Trading Act
ADLER Real Estate acquires further majority interest in residential real
estate portfolio
Around 7,700 residential units throughout Germany
Largest single investment so far
Hamburg, 23 May 2014. ADLER Real Estate Aktiengesellschaft, Frankfurt/M.,
(ISIN DE0005008007) strongly proceeds its acquisition strategy for the
development of a substantial residential real estate portfolio in Germany
and within the framework of a share deal takes over a residential real
estate portfolio consisting of altogether 7,721 residential units. With the
signing of the contracts today the largest single investment so far and
thereby ADLER's largest investment since the company's realignment towards
becoming a substantial apartment portfolio company has been accomplished.
After enforcement of the contracts and together with the existing real
estate portfolios ADLER Group will hold a housing stock of around 18,000
units.
The residential real estate portfolio spreads out across almost all federal
states in Germany. Regional focuses thereby are located in Saxony and
Saxony-Anhalt such as in North Rhine-Westphalia. The portfolio represents
7,721 apartments and 490 commercial units. Total renting space of the
living and commercial units amounts to around 542,000 m².
The Management Board
For inquiries, please contact
Press: german communications dbk ag
Jörg Bretschneider
Alsterufer 34, 20354 Hamburg, Germany
Phone: +49 (0) 40/4688330
Fax: +49 (0) 40/478180
[email protected]
Investor Relations: Hillermann Consulting
Christian Hillermann
Poststraße 14, 20354 Hamburg, Germany
Phone: +49(0)40/ 32027910
Fax: +49(0)40/ 320279114
[email protected]
23.05.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: ADLER Real Estate AG
Alstertor 17
20095 Hamburg
Germany
Phone: +49 (0)40 - 29 8130-0
Fax: +49 (0)40 - 29 8130-35
E-mail: [email protected]
Internet: www.adler-ag.com
ISIN: DE0005008007, DE000A1R1A42,
WKN: 500800, A1R1A4
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg
End of Announcement DGAP News-Service
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.