Ad-hoc | 19 April 2007 08:17
Adler Real Estate AG / Disposal
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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+++ ADLER Real Estate AG sells two properties in Munich and Berlin +++
+++ Total proceeds of EUR 4.5 million +++
+++ Reversals in 2006 impact cash +++
Hamburg, 19 April 2007. ADLER Real Estate AG (ISIN: DE0005008007),
Frankfurt, announced the sale of two plots in Munich and
Berlin with total proceeds of EUR 4.5 million. The two plots of land were
sold at the values recognised in the 2006 financial statements. Thus cash
gains posted were realised in the context of the reversals.
The land located in Munich Dornach is in a largely developed business park.
While part of the land had already purchased by an owner-occupier in 2000,
the remaining land of over 9,200 m² and development rights for
approximately 10,700 m² was not sold.
The second property in the Berlin Hellersdorfer Straße also changed hands.
On a plot of conveniently located land with approximately 11,000 m² there
are two empty buildings which require renovation with approximately 5,600
m² useable space, divided into 110 residential units.
ADLER Real Estate AG is to invest the sales revenues of EUR 4.5 million in
future projects. Confidentiality was agreed on any additional details of
the sale.
The Board of Management
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 and asset management. 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 19.04.2007
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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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