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:

In April 2018 ADLER Real Estate AG acquired nearly 70 percent of the shares of Brack Capital Properties N.V. (BCP). Since then BCP has been fully consolidated in the financial reporting. First steps to operational integration have been taken too. BCP holds around 12,000 rental units in attractive locations in Germany, engages in development projects and also holds commercial poroperty.   

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.

ADLER Wohnen Service was founded in 2016 with the aim to provide property management for all properties of the ADLER Real Estate Group.
In ordert o be close to the customer, ADLER Wohnen Service has developed a regional structure including several subsidiaries and offices.
More than 200 employees work for ADLER Wohnen Service mostly managing apartments and serving tenants on-site.

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.

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.

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