EQS-News: Adler Group S.A.
/ Key word(s): Disposal
Adler Group S. A. announces the sale of a Berlin-based development project
Luxembourg, 5 September 2023 – Adler Group S. A. ("Adler Group") today announced the completion of the sale of the Staytion - Forum Pankow development project in Berlin.
Consus Real Estate AG, a subsidiary of Adler Group, has sold its shares in the joint venture to its JV partner Kondor Wessels.
The transaction, which was completed in August, generated proceeds of approximately €36 million for the Adler Group.
The transaction contributes to the stated goal of further deleveraging the group in 2023 and beyond.
T +352 278 456 710
F +352 203 015 00
05.09.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
|Company:||Adler Group S.A.|
|55 Allée Scheffer|
|Phone:||+352 278 456 710|
|Fax:||+352 203 015 00|
|Indices:||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:||1718745|
|End of News||EQS News Service|
1718745 05.09.2023 CET/CEST