from ADO Properties S.A.
DGAP-News: Adler Group S.A. successfully closes portfolio sale of approx. 15,500 units to LEG
DGAP-News: Adler Group S.A.
/ Key word(s): Disposal
Adler Group S.A. successfully closes portfolio sale of approx. 15,500 units to LEG
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.
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| 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 |
1264012 03.01.2022