ADLER – A major provider of residential properties in Germany
The business model of ADLER Real Estate AG comprises two fields of activity – Rental and Trading. The company’s segment reporting is structured accordingly. The Rental segment portrays the activities of the Group’s central Asset Management department, which administers residential units held in the portfolio in technical and commercial terms. It also manages individual property management companies on location by way of service agreements. ADLER nevertheless also maintains two companies that perform property and facility management for residential portfolios with their own capacities. ADLER intends to expand this section of the value chain in future and fully integrate it into the Group by the end of 2017. The Trading segment is largely managed and directed by a standalone group company, ACCENTRO Real Estate AG. In terms of its personnel structures, ADLER restricts itself – apart from its property management companies – to asset management and to central group functions such as controlling, accounting and financing. Correspondingly, the number of group employees is low and the company´s structure lean.