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ADLER Real Estate AG: EUR 75.7m residential assets disposal at premium to book value

·2-min read

DGAP-News: ADLER Real Estate AG / Key word(s): Disposal
21.12.2020 / 07:00
The issuer is solely responsible for the content of this announcement.

 

Adler Real Estate: EUR 75.7m residential assets disposal at premium to book value

Berlin, 21 December 2020 - Adler Real Estate AG (ADLER), entered into a binding sale and purchase agreement with OMEGA AG, Munich and a real estate family office, to dispose of 1,605 residential and commercial units with a gross asset value (GAV) of EUR 75.7m at a slight premium to book value as of Q3 2020. This transaction further demonstrates the resilience of the German residential real estate market at a time of heightened macroeconomic uncertainty. The properties are primarily located in Borna, Osterholz-Scharmbeck and Schwanewede. The units generate net rental income of EUR 4.8m pa and have a 17.45% vacancy rate which peaks at up to 27% with an average rent of 5.21 EUR/sqm/month.

The transaction is a natural next step in Adler Group's strategy to streamline its portfolio and will have a positive impact on all portfolio KPIs. It is expected to close at the end of March 2021.

Contact for enquiries:
Tina Kladnik
Head of Investor Relations
ADLER Real Estate AG
Tel: +49 (162) 424 6833
t.kladnik@adler-ag.com


21.12.2020 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 Real Estate AG

Joachimsthaler Straße 34

10719 Berlin

Germany

Phone:

+49 30 39 80 18 10

Fax:

+49 30 39 80 18 199

E-mail:

info@adler-ag.com

Internet:

www.adler-ag.com

ISIN:

DE0005008007, XS1211417362
DE000A1R1A42
DE000A11QF02

WKN:

500800, A14J3Z
A1R1A4
A11QF0

Indices:

GPR General Index

Listed:

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

EQS News ID:

1156478


 

End of News

DGAP News Service

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