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.
The same is true for Brack Capital Properties N.V. of which ADLER had acquired nearly 70 percent in April 2018.
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: