FFO I rises 10.6% to €241.4 million, FFO I per share by around 9.2%Full occupancy: Vacancy rate at record low of 2.2% (l-f-l; -30 bps) Rent per square meter at €6.26 (l-f-l; +2.6%) Based on a portfolio appreciation of 6.1%, the EPRA-NTA reached €161.30 per share Strong balance sheet with loan to value ratio of 42.1%Milestone for climate protection: Start of construction for serial modernisations of RENOWATE and LEG-Zukunftshaus Gas crisis and rising energy prices: LEG puts together a holistic pa
(Bloomberg) -- A deal to provide a much-needed injection of capital to embattled landlord Adler Group SA has collapsed after rival LEG Immobilien SE walked away. Adler’s shares fell.Most Read from BloombergSneakerhead Accused of Running Huge Air Jordan Ponzi SchemeHow a Celebrity CEO’s Rule of Fear Helped Bring Down Hot Startup ZilingoChina Warns Airlines to Avoid ‘Danger Zones’ Around TaiwanThe Dusseldorf landlord will no longer participate in a tender offer for Adler’s remaining 63% stake in B
FRANKFURT (Reuters) -German real estate group LEG Immobilien said on Wednesday it would not exercise an option to buy further shares in property investor BCP from rival Adler, which was pursuing the transaction to reduce its debt load. Adler said in May it expected LEG to go ahead with buying its remaining 63% stake in BCP, which owns about 12,000 apartments in Germany, before the deadline in September. Germany's financial regulator this week said that Adler overstated the value of one of its projects by up to 233 million euros ($239 million).