Corporate | 21 December 2020 07:00
ADLER Real Estate AG: EUR 75.7m residential assets disposal at premium to book value
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DGAP-News: ADLER Real Estate AG
/ Key word(s): Disposal
Adler Real Estate: EUR 75.7m residential assets disposal at premium to book value
Berlin, 21 December 2020 – Adler Real Estate AG (ADLER), entered into a binding sale and purchase agreement with OMEGA AG, Munich and a real estate family office, to dispose of 1,605 residential and commercial units with a gross asset value (GAV) of EUR 75.7m at a slight premium to book value as of Q3 2020. This transaction further demonstrates the resilience of the German residential real estate market at a time of heightened macroeconomic uncertainty. The properties are primarily located in Borna, Osterholz-Scharmbeck and Schwanewede. The units generate net rental income of EUR 4.8m pa and have a 17.45% vacancy rate which peaks at up to 27% with an average rent of 5.21 EUR/sqm/month. The transaction is a natural next step in Adler Group’s strategy to streamline its portfolio and will have a positive impact on all portfolio KPIs. It is expected to close at the end of March 2021.
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21.12.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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| Language: | English |
| Company: | ADLER Real Estate AG |
| Joachimsthaler Straße 34 | |
| 10719 Berlin | |
| Germany | |
| Phone: | +49 30 39 80 18 10 |
| Fax: | +49 30 39 80 18 199 |
| E-mail: | info@adler-ag.com |
| Internet: | www.adler-ag.com |
| ISIN: |
DE0005008007, XS1211417362
DE000A1R1A42 DE000A11QF02 |
| WKN: |
500800, A14J3Z
A1R1A4 A11QF0 |
| Indices: | GPR General Index |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1156478 |
| End of News | DGAP News Service |