On Thursday evening, the two companies announced that the Adler Group would take over Adler Real Estate completely.
(Foto: imago images/Achille Abboud)
Berlin Adler Real Estate AG is taking over a portfolio of residential real estate in Berlin from its Luxembourg parent company, the Adler Group. As the German subsidiary announced on Friday evening, the portfolio includes 1,400 residential units and, according to the last valuation by the real estate service provider CBRE on March 31, 2022, has a market value of 326 million euros.
Taking into account minority interests, financial liabilities and deferred taxes, the consideration to be paid to the Adler Group is around EUR 275 million. The transaction is not subject to any reservations and will be completed immediately.
The acquisition will be completed against the background of the optimization of processes and structures within the Adler Group and its subsidiaries and will in particular serve the effective management of cash and assets of Adler Real Estate, Adler Real Estate further announced. With a stake of 96.72 percent, the Adler Group is the majority shareholder in Adler Real Estate.
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