DGAP-News 154 0 Kommentare ADLER Real Estate AG: EUR 75.7m residential assets disposal at premium to book value

DGAP-News: ADLER Real Estate AG / Key word(s): Disposal
ADLER Real Estate AG: EUR 75.7m residential assets disposal at premium to book value

21.12.2020 / 07:00
The issuer is solely responsible for the content of this announcement.

Adler Real Estate: EUR 75.7m residential assets disposal at premium to book value

Successful disposal of 1,605 units with GAV of EUR 75.7m slightly above book value
Assets generate EUR 4.8m net rental income pa and have 17.45% vacancy rate and an average rent of 5.21 EUR/sqm/month
Transaction is the next step in ADLER's strategy to streamline its portfolio and strengthen its balance sheet in line with ongoing deleveraging commitments
Closing is expected at the end of March 2021

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.

Contact for enquiries:
Tina Kladnik
Head of Investor Relations
ADLER Real Estate AG
Tel: +49 (162) 424 6833
t.kladnik@adler-ag.com

21.12.2020 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.

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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