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ADLER Real Estate AG: Successful bond increase of EUR 50 million

DGAP-News: ADLER Real Estate AG / Key word(s): Issue of Debt

2015-10-30 / 18:21

Corporate News

ADLER Real Estate: Successful bond increase of EUR 50 million

- Successful increase of corporate bond 2015/2020 to EUR 350 million

- Coupon of 4.75 percent p.a. with interest paid semi annually

- Increased liquidity for the bond

- Proceeds to be used primarily for refinancing and further growth

Hamburg, 30 October 2015. ADLER Real Estate AG ("ADLER Real Estate," ISIN: DE0005008007 / WKN: 500800), Frankfurt am Main, Germany continues to take the necessary actions to improve its key financial metrics. The corporate bond 2015/2020 (ISIN: XS1211417362) which was successfully issued in April 2015 in a nominal volume of EUR 300 million was increased by EUR 50 million to EUR 350 Mio. The offer was made in a private placement only and exclusively with qualified investors outside the United States of America. The increase is expected to further improve the liquidity of the instrument. The use of proceeds will go towards primarily the refinancing and further growth.

"We are committed to both growing the Company by way of acquisitions and improving our key financial metrics", says Axel Harloff CEO of Adler Real Estate AG. "Between FY14 and H115 we were able to reduce our WACD from c.4.70% to c.4.15%. The refinancing of some of our existing debt will further improve our WACD as we continue to align ourselves with industry peers." Given the nature of the use of proceeds, the issuance is not expected to change the Company's LTV ratio nor its Interest Coverage Ratio.

The placement was managed by ODDO SEYDLER BANK AG, Frankfurt am Main, as the Sole Global Coordinator together with ODDO & CIE., Paris, as the Joint Bookrunner.

About ADLER Real Estate AG: is focused on establishing and expanding a substantial residential property portfolio throughout Germany. It primarily acquires equity interests in portfolios that are predominantly situated in B locations in German conurbations. These portfolios, after deducting all current costs including debt servicing still generate positive cash flow and offer potential for sustainable value growth. The primary aim is to acquire majority interests in order to ensure that the company can exercise sufficient influence over the optimal management of the portfolios.

Alongside managing residential properties, ADLER pursues optimising its portfolios. Following the majority takeover of ACCENTRO Real Estate AG, the Group now includes Germany's largest privatiser of residential property. ACCENTRO markets suitable residential properties from the ADLER Group's portfolio on a targeted basis, and also brokers individual apartments on behalf of third parties to owner-occupiers and investors who want to properties directly and thus creating a quasi-pension income.

Following the completion of the acquisition of WESTGRUND AG, Berlin, in late June 2015, ADLER is now one of the five largest listed German residential real estate companies with a portfolio of almost 50,000 residential and commercial units. The company in addition to the FTSE EPRA GLOBAL REAL ESTATE Index and the GRP General Index since 22 June 2015 is has been included in Deutsche Börse's SDAX small cap index.

For enquiries please contact:

german communications dbk ag
Jörg Bretschneider
Milchstr. 6 B, 20148 Hamburg
Tel.: +49 40/46 88 33 0
Fax: +49 40/46 88 33 40

Investor Relations:
Hillermann Consulting
Christian Hillermann
Poststraße 14, 20354 Hamburg
Tel.: +49 40/32 02 79 10
Fax: +49 40/32 02 79 114

2015-10-30 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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