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ADLER Real Estate AG: ADLER Real Estate increases share in residential portfolio

ADLER Real Estate AG / Key word(s): Miscellaneous

17.02.2014 / 17:16


ADLER Real Estate increases share in residential portfolio

- Increase of existing holding completed

- 1,906 residential and commercial units in six federal states

Hamburg, 17 February 2014. For further optimizing its residential real estate portfolio, ADLER Real Estate AG, Frankfurt/M., (ISIN DE0005008007), has managed to complete an increase of holdings, which has been concluded at the end of last year. ADLER therewith holds 94.8 percent of the shares in three residential real estate portfolios in six federal states with altogether 1,906 residential and commercial units. At the end of October 2013, ADLER at first held an indirect share of 52.8 percent. 'By the current measure we could secure the maximum degree of influence and will now be able to take care of optimization and realizing the potential for an increase of value at the best', comments Axel Harloff, CEO of ADLER Real Estate AG. The present closing of the transaction goes in line with ADLER's strategy to only acquire majorities of residential real estate portfolios.

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 six 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.

For inquiries please contact:

Press: german communications dbk ag
Jörg Bretschneider
Alsterufer 34, 20354 Hamburg, Germany
Phone: +49-(0)40/46 88 33 0
Fax: +49-(0)40/47 81 80
presse@german-communications.com

Investor Relations: Hillermann Consulting
Christian Hillermann
Poststraße 14, 20354 Hamburg, Germany
Phone: +49-(0)40/32 02 79 10
Fax: +49-(0)40/32 02 79 114
c.hillermann@hillermann-consulting.de

End of Corporate News


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