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ADLER Real Estate AG: ADLER Real Estate increases investment to real estate portfolio
ADLER Real Estate AG / Key word(s): Miscellaneous
15.01.2014 / 11:45
ADLER Real Estate increases investment to real estate portfolio
- Previous holding will be increased to 100 percent
- 1,906 residential and commercial units in 6 federal states
Hamburg, 15 January 2014. Following the measures for optimizing its residential property portfolio at the turn of the year, ADLER Real Estate AG, Frankfurt/M., (ISIN DE0005008007) carries out another transaction and continues its strategy for an optimal growth only a few days later. The company takes over all shares in a holding company which holds shares in three residential real estate portfolios in six federal states. With this transaction ADLER secures full influence on the management of the holdings with its 1,906 residential and commercial units. Closing of the transaction is planned for the next weeks. By the end of October 2013 the company held an indirect stake of 52.8 percent in the portfolios.
'We thereby comply with our strategy to acquire residential property portfolios for the planned growth where we can secure the highest possible influence and therefore can take care of the optimization and realization of potential for the increase of value in the best possible way', explains Axel Harloff, CEO of ADLER Real Estate AG. The three portfolios consist of 1,769 apartments and 137 commercial units with total living and usable space of 113,526 square meters. The properties in the portfolios are divided among 6 federal states: Schleswig-Holstein, Mecklenburg-Western Pomerania, Saxony, Thuringia, North-Rhine Westphalia and Rhineland-Palatinate. Most of the apartments are located in Rostock, Düsseldorf, Dresden, Leipzig, Kiel, Hagen and Lübeck. ADLER has increased its residential property portfolio over the year 2013 from a few hundred to now roughly 10,000 residential units with an investment volume of approx. EUR 530 million.
For inquiries, please contact:
Investor Relations: Hillermann Consulting
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|Company:||ADLER Real Estate AG|
|Phone:||+49 (0)40 - 29 8130-0|
|Fax:||+49 (0)40 - 29 8130-35|
|Listed:||Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg|
|End of News||DGAP News-Service|