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Adler Group S.A. successfully closes portfolio sale of approx. 15,500 units to LEG

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DGAP-News: Adler Group S.A. / Key word(s): Disposal
03.01.2022 / 07:00
The issuer is solely responsible for the content of this announcement.

Adler Group S.A. successfully closes portfolio sale of approx. 15,500 units to LEG

  • Next step towards a more sharpened portfolio approach focussing on Germany's prospering big cities

  • Net cash of c. €800m received

  • These proceeds will be mainly used for deleveraging


Berlin, 3 January 2022 - Adler Group S.A. ("Adler Group") successfully closed the sale of approximately 15,500 units to a subsidiary of LEG IMMOBILIEN SE ("LEG"). With this disposal of 15,362 residential and 185 commercial units, Adler Group takes the next step towards a more sharpened portfolio approach focussing on Germany's prospering big cities. As part of the closing, Adler Group received net proceeds of around €800m, which will mainly be used for further deleveraging of the company.

The disposed properties are predominantly located in small and medium-sized towns in northern Germany. This portfolio sale includes a premium on the book value as of 30 September 2021 and thus once again confirms the quality of Adler Group's assets and the substance of its valuations.

Contact

Investor Relations:
T +352 278 456 710
E investorrelations@adler-group.com


03.01.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Adler Group S.A.

1B Heienhaff

1736 Senningerberg

Luxemburg

Phone:

+352 278 456 710

Fax:

+352 203 015 00

E-mail:

investorrelations@adler-group.com

Internet:

www.adler-group.com

ISIN:

LU1250154413

WKN:

A14U78

Indices:

SDAX, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, Luxembourg Stock Exchange, SIX

EQS News ID:

1264012


 

End of News

DGAP News Service

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