from ADO Properties S.A. (isin : LU1250154413)
Adler Group S.A. announces the sale of a Berlin-based development project
EQS-News: Adler Group S.A. / Key word(s): Disposal
Adler Group S.A. announces the sale of a Berlin-based development project
05.09.2023 / 08:54 CET/CEST
The issuer is solely responsible for the content of this announcement.
PRESS RELEASE
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.
Contact:
Investor Relations:
T +352 278 456 710
F +352 203 015 00
E investorrelations@adler-group.com
05.09.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - 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. |
| 55 Allée Scheffer | |
| 2520 Luxembourg | |
| 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: | 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