Ad-hoc | 8 March 2007 08:48
Adler Real Estate AG / Miscellaneous
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc announcement according to section 15 German Securities Trade Act as
of March 8th, 2007
ADLER Real Estate AG
ISIN: DE0005008007
+++ ADLER Real Estate AG and THG Real Estate GmbH jointly acquire a
property in Duisburg-North to be developed as logistics spaces+++
+++ The project volume is approx. EUR 40.0 million +++
Hamburg, March 8th, 2007. ADLER Real Estate AG (ISIN: DE0005008007),
Frankfurt, announces a 60-percent-investment in the stock of a company
developing logistics spaces in Duisburg-North. The project Logistics Center
Duisburg-North will be realized in cooperation with THG Real Estate GmbH.
For the intended three stages of construction the project volume comprises
approx. EUR 40.0 million. The vendor of the Duisburg property is
ThyssenKrupp. Details concerning the purchase price are subject to a
non-disclosure agreement.
The project Logistics Center Duisburg-North with a size of more than
126,000 sq. m and a useable floor area of approx. 75,000 sq. m is located
directly on the freeway (Autobahn) 59. The intended three stages of
constructions will be realized successively. Lease agreement negotiations
as well as assigning the building contract for the first stage of
construction are on the brink of being finalized. The first stage of
construction is expected to be realized still in 2007.
The Management Board
For further inquiry please contact:
ADLER Real Estate AG
Neuer Wall 77
D-20354 Hamburg
www.adler-ag.de
Phone: ++49 (040) 29 8130-0
Fax: ++49 (040) 29 8130-99
info@adler-ag.de
About ADLER Real Estate AG:
ADLER Real Estate AG is dealing in the business fields of project
development, portfolio management, asset management, and closed property
funds. The company’s core competence is in the realization and marketing of
ambitious national and international real estate projects. ADLER Real
Estate AG emerged from the tradition-rich corporate veil of the Adlerwerke
in Frankfurt. Their history goes back to the 19th century. Today, the
majority shareholder of ADLER Real Estate AG is the U.S. company Mezzanine
IX Investors L.P.
DGAP 08.03.2007
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Language: English
Issuer: Adler Real Estate AG
Neuer Wall 77
20354 Hamburg Deutschland
Phone: +49 (0)40 - 29 8130-0
Fax: +49 (0)40 - 29 8130-35
E-mail: info@adler-ag.de
www: www.adler-ag.de
ISIN: DE0005008007
WKN: 500800
Indices:
Listed: Amtlicher Markt in Berlin-Bremen, Frankfurt (General
Standard), Düsseldorf, München; Freiverkehr in Hamburg
End of News DGAP News-Service
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