ADLER Real Estate AG

Regulatory Filings • Oct 23, 2007

News Details

Ad-hoc | 23 October 2007 07:58

Adler Real Estate AG: Münchener Baugesellschaft invests in Bavaria – Adler Subsidiary acquires an approx. 28,000-sqm-sized plot of land

Adler Real Estate AG / Miscellaneous

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Münchener Baugesellschaft invests in Bavaria

• Adler Subsidiary acquires an approx. 28,000-sqm-sized plot of land

• Development to prepare for building work, parcelling and sale
  planned

Hamburg, 23 October 2007. ADLER Real Estate AG,Frankfurt, is continuing to
expand its residential property development business via its subsidiary
Münchener Baugesellschaft mbH, Hamburg. The subsidiary has acquired an
attractive, ca. 28,000-sqm-sized plot in Moosburg on the river Isar in the
Freising district. The investment volume amounts to ca. 8 million EUR. The
Münchener Baugesellschaft will prepare the plot for building work, develop
it and then parcel it out. The entire 57 parcels created in this manner
will be able to be built on with semidetached houses and single-family
houses. The intention is to sell the plots which are ready for building to
private building owners who wish to erect or have their residential real
estate built upon the parcels. At the same time, a business management
contract for this project has been signed with THG Real Estate in Munich.

The 'Am Mühlbachbogen Nord' plot in the southern area of the city of
Moosburg is located in the attractive growth region near the Munich Airport
and the Bavarian state capital city itself – a popular location,
particularly for young families with children. The development of the area
will take approx. eight months. At present, the Münchener Baugesellschaft
is already developing three residential building projects in Dallgow and in
Großbeeren, respectively near Berlin and in Alt-Trachau in Dresden.

'The demand for building plots in the region is very high because the real
estate prices in the area are still reasonable for many interested parties
in comparison with the Munich city area itself', says Dr. Ralph-René
Lucius, Managing Director of the Münchener Baugesellschaft, 'we are thus
assuming that there will be very good demand for our fully developed
parcels.'

About ADLER Real Estate AG: ADLER Real Estate AG is active as a real estate
company in the business fields of asset management, portfolio properties
and project development The core competence of the company consists in the
realisation and marketing of challenging national and international real
estate projects. For large projects, ADLER Real Estate AG enters into
targeted strategic partnerships.ADLER Real Estate AG was created from the
Frankfurt Adler Factories with a rich tradition, the history of which
extends back into the 19th century. Today, the majority ownership of ADLER
Real Estate AG is held by the U.S. real estate investor Mezzanine IX.

For inquiries, please contact:

german communications dbk ag

Jörg Bretschneider

Alsterufer 34, 20354 Hamburg

Tel.: 040/46 88 33 0, Fax: 040/47 81 80

presse@german-communications.com
23.10.2007 Financial News transmitted by DGAP

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Language: English
Issuer: Adler Real Estate AG
Neuer Wall 77
20354 Hamburg
Deutschland
Phone: +49 (0)40 - 29 8130-0
Fax: +49 (0)40 - 29 8130-35
E-mail: info@adler-ag.de
Internet: www.adler-ag.de
ISIN: DE0005008007
WKN: 500800
Listed: Amtlicher Markt in Berlin, Frankfurt (General Standard),
Düsseldorf, München; Freiverkehr in Hamburg

End of News DGAP News-Service

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