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ADLER REAL ESTATE AG (FRA:ADL) ADLER Group S.A., parent company of ADLER Real Estate, continues sales process and concludes term sheet on portfolio transaction with 14,368 units

Directive transparence : information réglementée

26/10/2021 10:21

DGAP-Ad-hoc: ADLER Real Estate AG / Key word(s): Disposal/Real Estate
ADLER Group S.A., parent company of ADLER Real Estate, continues sales process and concludes term sheet on portfolio transaction with 14,368 units

26-Oct-2021 / 10:21 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Publication of a notice pursuant to Article 17 (1) of the Market Abuse Regulation (Regulation (EU) No. 596/2014)

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ADLER Group S.A., parent company of ADLER Real Estate, continues sales process and concludes term sheet on portfolio transaction with 14,368 units

Berlin, 26 October 2021:

ADLER Group S.A. ("ADLER"), the parent company of ADLER Real Estate Aktiengesellschaft ("ADLER Real Estate"), continues its sales process and have signed today, with the approval of the Management Board and the Supervisory Board of ADLER Real Estate, a term sheet with a leading alternative investment firm setting out the key points of a transaction regarding a total of 14,368 units. These units are mainly located in the Eastern part of Germany.

The proposed transaction relates to 6,322 residential units and 148 commercial units of ADLER Real Estate and 7,813 residential units and 85 commercial units of WESTGRUND Aktiengesellschaft ("WESTGRUND"), in which ADLER Real Estate holds 98.25% of the shares.

According to the term sheet, the agreed real estate value for the portfolio amounts to more than EUR 1 billion (ADLER Real Estate: ca. EUR 460 million; WESTGRUND: ca. EUR 560 million). This is a premium compared to the respective book values appraised by CBRE as of 30 June 2021.

The closing of the transaction is subject to due diligence conducted by the buyer, the conclusion of final agreements and the fulfillment of customary market conditions, in particular regulatory approvals, and is expected to take place in Q1 2022.

Notifying Person:
Colleen Yorke, Legal Counsel
+49 30 403 907 543
c.yorke@adler-group.com

Berlin, 26 October 2021

ADLER Real Estate Aktiengesellschaft
Management Board


26-Oct-2021 CET/CEST 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
Am Karlsbad 11
10785 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: 1243427

 
End of Announcement DGAP News Service

1243427  26-Oct-2021 CET/CEST

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