According to Art.17 of Marktmissbrauchsverordnung (MMVO) a listed company is obliged to publish without undue delay so-called insider information – meaning information which could considerably influence the price of the shares or other securities of the company in case the information became publicly known.

ADLER Real Estate AG: ADLER Real Estate AG sells Duisburg logistics project

ADLER Real Estate AG / Disposal

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

- Successful development
- Funds now available for new projects

Hamburg, 28 July 2008. ADLER Real Estate AG, Hamburg, has successfully sold
a project which was acquired together with a partner only last year. The
Logistik Zentrum Duisburg-Nord project was purchased by ProLogis
Group,which will take possession of the project in August. The parties
agreed to maintain confidentiality with respect to the purchase price.

ADLER Real Estate AG acquired the property last year, together with the
Munich-based project developer THG Real Estate, with the intention of
developing the project itself, with ADLER holding a majority interest in
the project. On a plot of land of about 126,000 sqm, an optimally designed
logistics center was planned, with over 60,000 sqm of warehouse space. The
site boasts an ideal location, in close proximity to Duisburg harbor,
Europe's largest inland port, and the Duisburg North highway interchange.
The buyer of the Logistikzentrum Duisburg-Nord project will complete
development of the center and make it available to long-term users or
operators. The site and the demand for logistics space available
immediately have improved so much in recent months that the parties opted
for an early sale.

The sale will generate a profit for ADLER Real Estate, freeing up
considerable funds, which will now be available for reinvestment.

Managing Board

For inquiries, please contact:
german communications dbk ag
Jörg Bretschneider
Alsterufer 34, 20354 Hamburg
Phone: 040/46 88 33 0, Fax: 040/47 81 80 
28.07.2008  Financial News transmitted by DGAP
Language:     English
Issuer:       ADLER Real Estate AG
              Neuer Wall 77
              20354 Hamburg
Phone:        +49 (0)40 - 29 8130-0
Fax:          +49 (0)40 - 29 8130-35
ISIN:         DE0005008007
WKN:          500800
Listed:       Regulierter Markt in Berlin, Frankfurt (General Standard),
              Düsseldorf, München; Freiverkehr in Hamburg
End of News                                     DGAP News-Service