DGAP-News: Adler Group S.A. sells stake in portfolio in Berlin
DGAP-News: Adler Group S.A.
/ Key word(s): Disposal
Adler Group S.A. sells stake in portfolio in Berlin
30.06.2022 / 08:54
The issuer is solely responsible for the content of this announcement.
Adler Group S.A. sells stake in portfolio in Berlin
Luxembourg, 30 June 2022 – Adler Group S.A. ("Adler Group") today announced the sale of a portfolio of residential and commercial properties in Berlin (“Waypoint portfolio”) together with its joint venture partner. The portfolio comprises around 1,200 residential and commercial units. Considering the purchase price portion attributable to the joint venture partner and other minority interests as well as taking into account deferred taxes, Adler Group will realize a capital inflow of approximately EUR 170 million. The transaction is not subject to any conditions and will be completed without delay.
Despite a challenging market environment, Adler Group was able to sell the portfolio to a price at around 2 percent below book value and thus deliver on its pledge of further improving its liquidity position in 2022 and beyond.
Contact
Investor Relations:
T +352 278 456 710
F +352 203 015 00
E [email protected]
30.06.2022 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.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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Language: |
English |
Company: |
Adler Group S.A. |
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55, Allée Scheffer |
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L-2520 Luxembourg |
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Luxemburg |
Phone: |
+352 278 456 710 |
Fax: |
+352 203 015 00 |
E-mail: |
[email protected] |
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: |
1387207 |
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End of News |
DGAP News Service |
1387207 30.06.2022
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