ADLER Real Estate AG comprises a total of more than 120 individual companies that are fully consolidated in the consolidated financial statements. Most of them are property companies that hold sub-portfolios of the Group’s overall property portfolio. Westgrund AG, however, still exists as a subgroup since its acquisition in 2015.
There are also some companies with different purposes.
All tasks of the Property Management are pooled in the group company ADLER Wohnen Service GmbH with the exception of the portfolio in Wilhelmshaven which is serviced by Wohnungsbaugesellschaft Jade mbH and the portfolio in Ludwigshafen which is managed by Treuhaus Hausbetreuungs-GmbH.
Facility Management is conducted by ADLER Gebäude Service GmbH in nearly all locations where the ADLER Group holds properties.

The respective company in detail:

Westgrund AG is majority owned by ADLER Group since 2015 and acts like ADLER as a holder of residential properties. With legal domicile in Berlin, Westgrund is meanwhile full integrated into ADLER group, but has maintained its legal form.

Treuhaus Hausbetreuungs-GmbH is owned by ADLER Group since 2015 (share in equity 100.0 percent). The company has its legal domicile in Ludwigshafen and acts as Property Manager for residential properties of ADLER Group in the south-western part of Germany.

Wohnungsbaugesellschaft JADE mbH is owned by ADLER Group since 2015 (share in equity 94.9 percent). Via its 100 percent subsidiary JADE Immobilien Management GmbH with legal domicile in Wilhelmshaven it acts as Property Manager for residential properties of ADLER Group in the northwestern part of Germany.

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